STAAH

APRIL 23, 2024

Interactive dashboards and visual representations make it easier for revenue managers to make data-driven decisions, identifying revenue trends, tracking performance metrics, and accurately forecasting future demand.

Revenue Management 91

Revenue Management Revenue Ancillary Revenue Management 91

Catala Consulting

JULY 30, 2023

This approach implies higher rates during peak seasons and lower ones during off-peak periods, leading to an optimized revenue yield. Improved Forecasting: Resort revenue management allows establishments to make accurate demand predictions. Such services might include dining, spa services, on-site entertainment, or event fees.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Hotelogix

AUGUST 6, 2024

Optimizing ancillary revenue streams: To diversify your revenue sources, consider enhancing offerings in food and beverage, spa services, and event hosting. Utilizing guest data to personalize offers can lead to higher uptake of ancillary services. Train your staff to identify and capitalize on upselling opportunities.

Revenue 52

Revenue Management Upsell Target Marketing 52

Cloudbeds

NOVEMBER 15, 2024

A decision intelligence model powered by causal AI might reveal, for example, that during high season, offering a last-minute discount on unusually hot days (either through reduced rates or free amenities) attracts more local bookings, filling additional rooms and driving higher ancillary revenue.

Upsell 92

Upsell Occupancy Revenue Management Revenue 92

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.

Revenue 62

Revenue Management Revenue Management Average Daily Rate 62

Xotels

JULY 26, 2024

Use this data to forecast demand and adjust your prices accordingly. Higher Spending: Members tend to spend more during their stays, splurging on room upgrades, dining, and other services. Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. When are your peak seasons?

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Xotels

JULY 26, 2024

Use this data to forecast demand and adjust your prices accordingly. Higher Spending: Members tend to spend more during their stays, splurging on room upgrades, dining, and other services. Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. When are your peak seasons?

Yield Management 52

Yield Management Upsell Revenue Hotels 52