Remove Ancillary Revenue Remove Hospitality Remove OTA
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Ancillary revenue: Guide and examples for hotels

SiteMinder

What is ancillary revenue? Ancillary revenue 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. It’s a virtuous cycle.

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7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

In today’s fast-paced hospitality landscape, staying ahead of the curve is paramount for maximizing revenue potential. As technology continues to evolve, so do the strategies and innovations within revenue management.

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8 Reasons Why Mobile Keys are Taking Over in Hotels

Fuel Travel

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. In fact, 70% of hotel guests would be more willing to stay at a hotel with digital key technology.

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Hotel Management Technology: The Future of Hospitality

Hotelogix

Whether you manage a boutique inn or a luxury resort, these innovations will redefine hospitality. Driving Revenue Growth in a Competitive Landscape In the cutthroat world of hospitality, every edge counts. Channel manager integration : Keep Online Travel Agencies (OTAs) and your booking system in sync without effort.

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2023 hotel and travel trends

Boutique Hotel News

Co-founder Suzanne Mahoney explains: “Opportunities to experience physical products are shrinking as shopping moves online – but the hospitality industry offers huge potential for brands to tell their stories and reach their consumers… It’s the ultimate ‘try before you buy’ model”. percentage points. “The

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Mastering The Art of Resort Revenue Management

Catala Consulting

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction.

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How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

Direct Bookings: Loyalty programs encourage guests to book directly with you, saving you those hefty commissions paid to OTAs. 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.