Ancillary Revenue Closing Forecasting 
Xotels
SEPTEMBER 13, 2024
As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. Revenue management relies heavily on core principles such as data collection and forecasting.
Xotels
SEPTEMBER 13, 2024
As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. Revenue management relies heavily on core principles such as data collection and forecasting.
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Hotel Business
MARCH 7, 2023
In Europe, we are also closely watching high energy costs, at least partially as a result of the war in Ukraine. high fuel costs have led to increased airline ticket prices, and we have seen an impact on long-haul travel—which at least partially, has been off by domestic or close-to-home travel spending. As in the U.S.,
Hotel Speak
JULY 19, 2024
But what happens when you work in a market where there’s a more delicate balance of supply and demand where it’s difficult to forecast because the demand fluctuates very heavily? It’s not just about rooms There are also ancillary revenue components for you to consider. You thought it was going to be busy.
Xotels
APRIL 3, 2024
Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.
Boutique Hotel News
DECEMBER 20, 2022
A recent Knight Frank report supports this idea, revealing that ancillary revenues have increased in 2022 with the contribution to total revenue rising by 1.5 Armchair travel” – coined at a time when international borders closed during the pandemic – has amplified the role of video content. percentage points.
Xotels
JULY 26, 2024
Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Use this data to forecast demand and adjust your prices accordingly. You can apply the same principle to your hotel rooms. When are your peak seasons? What events drive demand in your area?
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