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Strategies for Ancillary Revenue Success in Hotels

eZee Absolute

Well, here’s a trick called “ancillary revenue.” To put it in simple words, ancillary revenue or additional revenue is like a bonus income that hotels can earn from things besides just renting rooms. That’s exactly what ancillary revenue is all about.

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Ancillary revenue: Guide and examples for hotels

SiteMinder

What is ancillary revenue? Ancillary revenue is when you earn income from additional services or products offered at your hotel. By offering these added touches, you’re not just boosting your revenue; you’re creating memorable experiences that make your hotel stand out. It’s a virtuous cycle.

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Transforming Guest Experiences to Drive More Revenue

STAAH

With market dynamics constantly evolving, hotels must explore and innovate beyond traditional revenue streams. One highly effective strategy is to look beyond rooms to drive ancillary revenue. Diversify Revenue Streams: Relying solely on room revenue can be risky.

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7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

By combining information from different sources, revenue managers can visualize the entire customer journey, customizing pricing and promotions for different channels and groups. Ancillary Revenue Management Pricing In addition to room revenue, ancillary revenue streams play a crucial role in boosting overall profitability.

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Curator and Tock partner to enhance the guest experience

Hotel Business

As Curator’s newest platform partner, Tock will empower member hotels and resorts to streamline their operations, drive ancillary revenue and elevate guest experiences all on one system. ” The post Curator and Tock partner to enhance the guest experience appeared first on hotelbusiness.com.

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Creative F&B Opportunities for Independent Hotels

Webrezpro

Guests are no longer satisfied with mediocre dining options at hotels. A robust F&B program can positively impact revenue in a significant way, driving repeat stays and attracting local guests. Distinctive dining options can set your hotel apart, making it a destination in itself.

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Embracing the Future: Technology’s Pivotal Role in Hotel Reservations

Amadeus Hospitality

Investing in a modern CRS can help hotels achieve many things – increase reservations and ancillary revenue, build brand loyalty, and make the overall booking experience simpler and more enjoyable for guests. They’re also looking into options for cart abandonment offers and location-based special offers to increase bookings.