STAAH

JANUARY 16, 2024

There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Here are 10 strategies: 1. Optimise ancillary revenue. Switch to dynamic pricing.

Revenue 97

Revenue Ancillary Revenue Revenue Management Hotels 97

Cloudbeds

NOVEMBER 15, 2024

For hotels, this includes making dynamic rate suggestions and identifying segments and offers for marketing campaigns. During slower seasons, rather than applying heavy discounts, DI might show that bundling a slightly discounted room rate with a complimentary spa or dining voucher is more appealing and generates more revenue.

Upsell 99

Upsell Occupancy Revenue Management Revenue 99

Travelboom Marketing

NOVEMBER 7, 2023

Conversion Metrics: Is your website driving bookings, leads, quotes, and/or other success events? Few competitors in the area Inexpensive drive or fly market Press coverage Loyalty program creation Local partnerships Area events Threats What threats exist that might compromise your bottom line?

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

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. It helps in driving sales, leading to enhanced profit.  

Revenue 52

Revenue Management Upsell Target Marketing 52

Xotels

JULY 26, 2024

In a nutshell, yield management means adjusting your room rates in real-time based on demand , seasonality, events, and even the day of the week. What events drive demand in your area? Segment Your Market: Not all guests are created equal. Tip: Consider partnering with local breweries or wineries for exclusive tasting events.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Xotels

JULY 26, 2024

In a nutshell, yield management means adjusting your room rates in real-time based on demand , seasonality, events, and even the day of the week. What events drive demand in your area? Segment Your Market: Not all guests are created equal. Tip: Consider partnering with local breweries or wineries for exclusive tasting events.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Market Segmentation: The hotel market is intricately segmented, accommodating diverse customer groups, including groups and promotional segments.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52