Remove Ancillary Revenue Remove Consumer Remove Market Share
article thumbnail

Building customer relevance to grow market share

Boutique Hotel News

Remaining relevant to guests is key, and those that don’t are at risk of losing market share. As Dimitris Manikis, president and managing director EMEA of Wyndham Hotels and Resorts, said recently : “ You have to evolve with a business… consumers two-and-a-half years ago are different from today.”

article thumbnail

International gains spark Wyndham’s Q3 RevPAR growth

Hotel Business

“Our teams around the world once again delivered exceptional results, executing our long-term growth strategy and achieving 7% growth in comparable adjusted EBITDA fueled by continued system expansion, higher royalty rates and growth in our ancillary revenues,” said Geoff Ballotti, president/CEO. “We Diluted earnings per share was $1.29

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hotel Revenue Management Strategies

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.

article thumbnail

Forecasting for the hospitality industry

Cloudbeds

Trends in hotel forecasting The post-pandemic travel landscape has significantly impacted hotel revenue and occupancy forecasting, requiring hotels to adapt their strategies to new industry trends and consumer behaviors. These trends can impact room rates, ancillary revenue, and overall occupancy patterns.

article thumbnail

Top Revenue Management Strategies for Hotels

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels being unable to reach satisfactory visibility and level of business to remain open.

article thumbnail

What is Hotel Revenue Management?

Xotels

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Yield management denotes the actual price optimization part – and revenue management goes way beyond in its complexity of different aspects, terms and techniques.