Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

JUNE 26, 2024

Revenue optimization recognizes and responds to opportunities to not only sell more, but sell more profitably too by using data, analytics, reports to make strategic decisions. Included in this will be key metrics, forecasting models, and trending insights. Conversely, lower prices can attract bookings during slower periods.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

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

Xotels

APRIL 3, 2024

What Does the Process of Revenue Management Look Like? Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Revenue Management – What is the Difference? Why is Revenue Management Important to Hotels & Other Industries?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

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 85

Revenue Management Revenue Management Average Daily Rate 85

Xotels

SEPTEMBER 13, 2024

Let´s explore the following topics & trends that are shaping the (current) hotel industry landscape: Can’t Forget the Basics What are the trends in revenue management in 2024 Distribution: Fishing Where the Fish Are Outsourcing To AI or Not to AI? This is the moment when you ask yourself “What is next?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

Let´s explore the following topics & trends that are shaping the (current) hotel industry landscape: Can’t Forget the Basics What are the trends in revenue management in 2024 Distribution: Fishing Where the Fish Are Outsourcing To AI or Not to AI? This is the moment when you ask yourself “What is next?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

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

Hotel Business

MARCH 7, 2023

Some of the focuses are automation and creating new opportunities for increased pricing power, more ancillary revenue uptake for hotels and an creating even stronger guest experience. This includes integrating forecasts across departments for powerful operational efficiency.

Consumer 52

Consumer Ancillary Revenue Revenue Management Revenue 52

Xotels

JULY 26, 2024

Use this data to forecast demand and adjust your prices accordingly. Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Boutique Hotel News

DECEMBER 20, 2022

A recent Knight Frank report supports this idea, revealing that ancillary revenues have increased in 2022 with the contribution to total revenue rising by 1.5 Looking ahead, supply levels are forecast to exceed 1,100 schemes by 2027, nearly doubling the current volume at around 640 projects worldwide. percentage points.

Travel 124

Travel Hotels Branding Consumer 124

Xotels

JULY 26, 2024

Use this data to forecast demand and adjust your prices accordingly. Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Xotels

JULY 26, 2024

Use this data to forecast demand and adjust your prices accordingly. Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

SiteMinder

AUGUST 1, 2024

Revenue and pricing Now we’re onto the good bit! Here’s where you’ll project your hotel’s revenue streams , including room revenue, food and beverage sales, and other ancillary revenue sources. Break-even analysis: Calculate the point at which your hotel will start to generate a profit.

Business 95

Business Revenue Hotels Occupancy 95

Hotelogix

JANUARY 29, 2025

Revenue Management Systems (RMS) Dynamic pricing strategies Demand forecasting : Use data to predict busy periods. Water conservation tech : This includes clever shower systems and ways to spot leaks. We're tracking every drop because they all matter! It's like having a crystal ball for your hotel!

Management 58

Management Hospitality Hotels Services 58

Hotel Operations

MARCH 15, 2023

Forecasting demand is an example. “We’re AI can forecast the percentage of your guests that night that will eat breakfast, and the hours they will be there. With these forecasts, you can do things like encourage different groups of guests to come at different times to spread out demand.

Hospitality 59

Hospitality Hotels Operations Revenue 59