This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Boost hotel profitability in 2025 by tapping into ancillaryrevenue streams. For hotel operators seeking to boost profitability, ancillaryrevenue is a key focus in 2025. Here are four key ways you can generate more ancillaryrevenue in your hotel.
This shift in travel priorities presents a unique opportunity for hotels to cater to this growing desire for in-room nirvana. Elevated In-Room Dining: Offer enticing room service menus with gourmet options, indulgent treats, and curated snack baskets. How To Capitalise On The Hurkle-Durkling Trend?
Ever thought about how hotels can pocket some extra cash beyond just renting out rooms? Well, here’s a trick called “ancillaryrevenue.” ” It is when a hotel offers additional services or packages to enhance a guest’s stay. Curious about how you can tap into this for your hotel?
To succeed in hospitality, hotels must go beyond room bookings, tapping into ancillary services to drive growth amidst changing markets. In the competitive world of hospitality, maximizing revenue from room bookings alone is no longer sufficient for sustaining growth and profitability.
For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For hotels, this includes making dynamic rate suggestions and identifying segments and offers for marketing campaigns.
What is ancillaryrevenue? Ancillaryrevenue 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.
As technology continues to evolve, so do the strategies and innovations within revenue management. Let’s delve into some of the key trends shaping the future of revenue management in the hotel industry: 1.
Effective merchandising adds a personal touch that not only boosts revenue for a hotel but also helps deliver the personalized experiences guests crave. The impact of a modern CRS on hotel success: Two compelling case studies Look at the remarkable achievements of the Magnolia Hotel.
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.
Experience is everything in hotels today. And a Customer Relationship Management (CRM) system designed for hospitality has the power to make hotels stand out from the crowd. The right CRM helps hotels deliver that craved-for personalized experience, meeting the needs of each guest on their individual journey.
Let’s be honestrunning a hotel while managing its revenue at the same time is a balancing act. From making sure staff, guests, and smooth operations are all attended to, we can understand why revenue management so frequently gets put on the back burners. What Are Revenue Management Tools?
Working Collaborative Group Gatherings: A New Segment is Being Defined for Hotels The concept of a hybrid workstyle is revolutionizing businesses and salespeople. What Working Collaborative Group Gatherings Means for Hotels What is it? Relationship Marketing Fills a Better Funnel Why should hotel salespeople care?
Tock, a reservation, experiences and events platform for the hospitality industry, has partnered with Curator Hotel & Resort Collection. As Curator’s newest platform partner, Tock will empower member hotels and resorts to streamline their operations, drive ancillaryrevenue and elevate guest experiences all on one system.
The hospitality industry has witnessed a significant shift towards digitalization, leading hotels to adopt digital keys as a way of improving internal operations, reducing costs, increasing direct sales, and enhancing hotel guest satisfaction. For example, digital keys can be used to access a hotel’s gym, spa, or pool.
What is a hotel business plan? A hotel business plan is a comprehensive document that outlines your hotel’s goals, strategies, and financial projections. It serves as a roadmap for your hotel’s success, helping you attract investors, secure funding, and make informed decisions about your operations.
You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.
Whether you accept transient or group business to your hotel is more than just a revenue management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? For this scenario, we’re thinking about just a room without considering F&B or any other revenue streams.
Moving from merely managing hotelrevenue to maximizing profit is a critical transformation that ensures your property's long-term success. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Read Also: What is Dynamic Pricing in Hotels?
What is a hotel customer journey? A hotel customer journey maps the entire experience of a guest, from the initial spark of interest to the post-stay engagement. Customer journeys are crucial for successful hotels, as they reveal the key touchpoints that drive a guest’s decision to book – or not book – with their business.
You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.
Youve got a hotel, right? Well, buckle up, because Im about to spill the beans on how to squeeze every last penny out of your hotel venture. Were going to get down and dirty with the real-world strategies that we have actually seen working as a revenue management consulting company. Alright then, lets cut to the chase.
TRevPAR Optimization: Besides room revenues, optimizing additional revenues from services such as dining, spa treatments, and unique experiences is crucial for overall revenue growth. Such services might include dining, spa services, on-site entertainment, or event fees.
Hotels are increasingly switching to eco-friendly materials and practices in construction, room amenities, and daily operations. Here are sustainable hotel practices that you can adopt at your property! The War on Plastic: Reducing Waste The battle against single-use plastics has gained momentum, and hotels are leading the charge.
Leveraging Technology to Drive More Bookings for Your Hotel By Justin DeRise The foundation of any hotel sales and revenue strategy lies in its distribution channels. A distribution channel is simply any forum or platform that a hotel uses to advertise and sell its rooms. 26% increase in hotel reservations.
The resort closed for refurbishment, as did the majority of hotels on the island. As brand recognition had been such a major component of the resort’s past success, the decision for this hotel to shift to independent status was not an easy one. In 2017 , Hurricane Maria devastated Puerto Rico’s infrastructure.
Generational change: Evolving guest demographics The shifting demographic makeup of travelersparticularly the growing influence of Millennials and Gen Zrequires hotels to adapt their upselling strategies. When executed thoughtfully, these offers can boost revenue and elevate the guest experience by anticipating their needs.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content