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

Boutique Hotel News

DECEMBER 20, 2022

Marc Saunders, director of marketing at Splendid Hospitality, also believes there is opportunity to drive revenue by activating hotel spaces with retail partnerships. As a result, hotels will maximise partnerships with retailers and become more multifaceted in their approach,” he says. 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 59

Yield Management Upsell Hotels Ancillary Revenue 59

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

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

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 52

Business Revenue Hotels Occupancy 52