Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Skift Blog

MARCH 26, 2023

Skift Take: Every commentary on hotel performance refers to revenue per available room as a key industry metric — RevPAR. Yet non-room revenue from cafes, co-working, spas, and events is growing in importance. Hoteliers should focus more on overall earnings per square meter. Sean O'Neill Read the Complete Story On Skift

Revenue 246

Revenue Events Hotels Ancillary Revenue 246

Demand Calendar

JUNE 17, 2024

The data generated by modern hotel operations – from booking patterns and guest preferences to room occupancy rates and ancillary revenue streams – is often scattered across various siloed systems. The traditional approach to decision-making faces a new challenge.

Revenue 86

Revenue Ancillary Revenue Revenue Management Occupancy 86

Catala Consulting

JULY 30, 2023

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. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

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. Optimise ancillary revenue. Dynamic pricing is a modern hotelier’s most effective strategy for revenue management.

Revenue 97

Revenue Ancillary Revenue Revenue Management Hotels 97

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Cloudbeds

NOVEMBER 15, 2024

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.

Upsell 99

Upsell Occupancy Revenue Management Revenue 99

Mews

NOVEMBER 9, 2023

Hotel ancillary services allow hoteliers to boost their average daily spending and make each reservation more valuable. Encouraging guests to purchase added services can also improve their experience at your hotel.

Ancillary Revenue 52

Ancillary Revenue Revenue Services Hotels 52

SiteMinder

JUNE 26, 2024

What is revenue optimization? Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. Table of contents Why is hotel revenue optimization important?

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Hotel Business

NOVEMBER 22, 2024

IDeaS, a SAS company, a provider of hotel revenue management software and services, has released its annual trends report, 5 Predictions That Will Shape Hospitality in 2025. The cloud revolution will continue to accelerate: Hotel systems continue to reach end-of-life cycles, forcing an ongoing migration to the cloud.

Hospitality 107

Hospitality Ancillary Revenue Revenue Management Revenue 107

Hotel Business

MARCH 6, 2024

LuxUrban Hotels Inc. Robert is a highly accomplished, hands-on and seasoned hotel executive who adds depth and experience to LuxUrban at an important point in our growth,” said Brian Ferdinand, chairman/co-CEO, LuxUrban. Arigo joins LuxUrban from M&R Hotel Management, where he served as VP beginning in 2018.

Ancillary Revenue 64

Ancillary Revenue Revenue Management Hotels Revenue 64

Mews

JULY 11, 2023

A question on every hotelier's mind: how to generate more revenue in a hotel. While there's no tried and tested solution, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue, upselling, and other marketing strategies.

Ancillary Revenue 52

Ancillary Revenue Revenue Upsell Marketing Strategy 52

Little Hotelier

OCTOBER 17, 2023

What is hotel revenue? Hotel revenue is the income your business earns from selling rooms or other products and services to guests. While revenue is mostly generated from selling your rooms, you can also collect revenue from your amenities such as a bar, restaurant, gym, or spa.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Hotel Business

JULY 12, 2024

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 ancillary revenue and elevate guest experiences all on one system.

Ancillary Revenue 64

Ancillary Revenue Dining Resorts Events 64

SiteMinder

JULY 29, 2024

What is hotel profit margin? Hotel profit margin is defined by the percentage of a hotel’s revenue remaining after subtracting all business expenses, including staff costs, maintenance, and marketing. It reflects a hotel’s financial health – the higher the margin, the more profitable the hotel.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management Hotels 52

Hotel Speak

AUGUST 13, 2024

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.

Ancillary Revenue 77

Ancillary Revenue Hotels Revenue Operations 77

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue 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?

Revenue 52

Revenue Management Upsell Target Marketing 52

Webrezpro

MAY 20, 2024

Guests frequently go straight to the room rate when perusing online booking platforms or Google’s Hotel Room Search. In the cutthroat world of hospitality, standing tall amidst a sea of competitors can feel like scaling Everest in flip-flops. And who can blame them?

Scale 91

Scale Hotels Hospitality Ancillary Revenue 91

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? How much are you willing to risk? Sounds good, right?

Revenue 62

Revenue Management Revenue Management Average Daily Rate 62

SiteMinder

SEPTEMBER 10, 2024

CPOR is a crucial metric in the hotel industry that helps measure the efficiency and profitability of a hotel’s operations. CPOR can be influenced by a number of factors and can often be a representation of how effective your revenue management and marketing strategies are. What is CPOR?

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Xotels

JULY 26, 2024

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. What is Yield Management, Really?

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Travelboom Marketing

NOVEMBER 7, 2023

As we enter the fourth quarter of the year, hotel marketers should outline their goals for 2024. We’ve assembled a complete checklist of everything you need to create your 2024 hotel marketing budget. SWOT Analysis for Hotels Do you have a hotel SWOT analysis? Some may not even know where to begin.

Hotel Marketing 96

Hotel Marketing Marketing Market OTA 96

Webrezpro

AUGUST 17, 2023

One of the best ways to boost your hotel’s bottom line is to offer activity packages and add-ons. Not only do they provide an opportunity to increase your TRevPar, they give guests more of an experience at your hotel. People have returned to travel in droves, but today’s guests don’t just want a place to […] Source

Hotels 88

Hotels Travel Ancillary Revenue Revenue Management 88

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. As we look at the importance of forecasting for the hospitality industry, it’s interesting to note that it is also a major part of the science of hotel revenue management.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Webrezpro

JULY 12, 2023

Riddle: Two hotels have the same number of rooms and charge the same rates. However, in our imaginary revenue competition, there is a clear winner. On a given night, both book an equal number of rooms. How is this possible? The answer is simple (and the title of this post may be a giveaway!). TRevPAR […] Source

Revenue 81

Revenue Hotels Ancillary Revenue Revenue Management 81

Xotels

JULY 26, 2024

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. What is Yield Management, Really?

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Hotel Business

MARCH 7, 2023

Hotel Business spoke with Michael McCartan , the newly appointed area VP for Europe, the Middle East and Africa (EMEA) for IDeaS while he is at travel trade show ITB Berlin. What is the vibe in the European hotel community? What’s new in RM, what are global revenue managers focused on? As in the U.S.,

Consumer 52

Consumer Ancillary Revenue Revenue Management Revenue 52

Amadeus Hospitality

NOVEMBER 12, 2024

Hoteliers are recognizing the immense value that data brings to their business, from understanding drivers of demand to developing effective revenue management strategies. But the big question is – how willing are they to invest in new technology?

Business 52

Business Average Daily Rate Hospitality Ancillary Revenue 52

SiteMinder

AUGUST 18, 2022

When it comes to successful revenue management strategy , it’s not just about tracking your own internal metrics such as RevPAR. At your hotel you also need to perform regular competitive analysis to see where you stand in the local market and how you can gain an advantage, or at least maximise your potential revenue and profit.

Hotels 52

Hotels Revenue Ancillary Revenue OTA 52

Hotel Speak

MAY 9, 2023

Is there anything more pressing on the minds of hoteliers, preventing them from having sleepless nights thinking about how to bring down their hotel`s cost and keep their business afloat? From our perspective as a hotel management company , we see both challenges as well as opportunities for hoteliers.

Hotels 59

Hotels Upsell Revenue Market 59

SiteMinder

AUGUST 1, 2024

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.

Business 52

Business Revenue Hotels Occupancy 52

eZee Absolute

DECEMBER 7, 2023

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.

Hospitality 59

Hospitality Revenue Dining Accommodation 59

Mews

FEBRUARY 22, 2023

In this article, we will take a look at what those trends are to better prepare your hotel for the future. Hotels must change the way they provide services to a more flexible model, capable of adapting to the needs of an ever-changing market. Keep reading for more insights. And so much more.

Hospitality 52

Hospitality Ancillary Revenue Services Travel 52

Hotel Business

JULY 18, 2024

Hotel Business caught up with industry experts who shared with us all the data, trends, challenges and ways to manage the rest of this year. “Limited RevPAR growth led to margin and hotel EBITDA and NOI erosion in the first few months of the year. . It’s official: We’re halfway through 2024.

Occupancy 52

Occupancy Revenue Travel Operations 52

Hotel Operations

MARCH 15, 2023

Jacob Messina, SVP of Technology & Innovation at MCR Hotels Artificial Intelligence (AI) is everywhere right now. We’re going to look at: This guide builds on my guide to hotel automation and is focused on hotel operators , though I hope other industry participants will find it useful as well.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Hotel Business

JULY 13, 2023

HITEC Toronto enabled hotel tech companies to showcase their offerings and new products. Being in the hospitality industry from the age of 15, I knew how much those silos negatively affect a property’s ability to work cohesively, make effective strategic decisions and maximize profitability, and I knew that I could improve upon that.”

Revenue 52

Revenue Ancillary Revenue Management OTA 52