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2023 hotel and travel trends

Boutique Hotel News

Marc Saunders, director of marketing at Splendid Hospitality, also believes there is opportunity to drive revenue by activating hotel spaces with retail partnerships. As a result, hotels will maximise partnerships with retailers and become more multifaceted in their approach,” he says. percentage points. TV inspired travel .

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How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams.

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How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams.

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How to start a hotel business plan

SiteMinder

Revenue and pricing Now we’re onto the good bit! Here’s where you’ll project your hotel’s revenue streams , including room revenue, food and beverage sales, and other ancillary revenue sources. Budget : [projected expenses for staff salaries, utilities, supplies, marketing, and other operational costs].

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AI for Hotels: A Guide to Artificial Intelligence for Hospitality Leaders

Hotel Operations

This trend toward personalized pricing can feel jarring at first, but it is rapidly gaining prominence in the retail sector with brick-and-mortar retailers and supermarkets attempting to replicate the flexibility of retail e-commerce giants who can instantly serve up a tailored set of products with personalized pricing to match.”

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Hotel loyalty programs transform into sophisticated platforms

Hotelier Magazine

“Loyalty programs need to respond to this growing desire among consumers for a more personalized experience or risk becoming irrelevant,” says Danielle Brown, Chief Marketing Officer at Montreal-based Plusgrade, a provider of ancillary revenue solutions for the global travel industry.