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NOVEMBER 30, 2023

A revenue management strategy is a common practice among hotels. What’s less common is having an ancillary revenue strategy, though. It’s one of the first steps to unlocking a new, powerful revenue stream and improving the hotel’s positioning and branding while enhancing the guest experience.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management Branding 52

Hospitality Today

AUGUST 14, 2023

Considering that RevPAR is currently below levels from 2019, hotels should prioritize maximizing ancillary revenue streams

Ancillary Revenue 40

Ancillary Revenue Revenue Revenue Management Management 40

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

SiteMinder

AUGUST 29, 2023

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.

Ancillary Revenue 52

Ancillary Revenue Revenue Hotels Services 52

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

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

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 83

Revenue Ancillary Revenue Revenue Management Occupancy 83

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 87

Revenue Ancillary Revenue Revenue Management Hotels 87

Cloudbeds

NOVEMBER 15, 2024

This scalability is especially valuable for hotels – as more information is collected about guest behavior, booking trends , and occupancy patterns the more precise rate adjustments, inventory management, and marketing strategies will be in the future. Why it’s important for hotels? Why it’s important for hotels?

Upsell 99

Upsell Occupancy Revenue Management Revenue 99

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. Focusing on personalized, curated experiences will be key to enhancing the guest experience.

Hospitality 107

Hospitality Ancillary Revenue Revenue Management Revenue 107

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

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

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. It’s a holistic process that hotels can use to effectively manage pricing, inventory, distribution, customer demand, and more to promote revenue growth.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Hotel Business

MARCH 6, 2024

Arigo, who brings 35 years of industry experience to LuxUrban, will be primarily responsible for the day-to-day operations of the company’s hotel portfolio, with a focus on enhancing property-level operations, optimizing supply chain relationships, elevating the customer experience and pursuing ancillary revenue opportunities across the portfolio.

Ancillary Revenue 64

Ancillary Revenue Revenue Management Hotels Revenue 64

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.

Revenue 52

Revenue Management Upsell Target Marketing 52

Hotel Business

JULY 12, 2024

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. “This partnership aligns with our mission to empower hotels of all sizes with forward-thinking technology focused on revenue management.

Ancillary Revenue 64

Ancillary Revenue Dining Resorts Events 64

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 235

Revenue Events Hotels Ancillary Revenue 235

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

SiteMinder

JULY 29, 2024

The short answer is yes, hotels are profitable when they are managed successfully. Increase ancillary revenue Ancillary revenue can be a huge bonus on top of your room revenue. There are tools and solutions that help in all aspects of revenue management, hotel management, and guest satisfaction.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management Hotels 52

Hotel Speak

AUGUST 13, 2024

And a Customer Relationship Management (CRM) system designed for hospitality has the power to make hotels stand out from the crowd. These business units have historically operated separately, with their own P&L and management systems, sometimes catering to different sets of guests. Experience is everything in hotels today.

Ancillary Revenue 77

Ancillary Revenue Hotels Revenue Operations 77

Little Hotelier

OCTOBER 17, 2023

Boost your hotel revenue with all-in-one software Use Little Hotelier’s platform to increase visibility, deliver direct bookings, and simplify your property management. So let’s look at some of the best ways you can make the above strategies work… 15 best ways to increase hotel revenue 1.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

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. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

SiteMinder

SEPTEMBER 10, 2024

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. This blog will give you a full overview of CPOR at your hotel and how you can manage it effectively. Operating costs: Efficient management of operating costs can reduce CPOR.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Xotels

JULY 26, 2024

We’re going to get down and dirty with the real-world strategies that we have actually seen working as a r evenue management consulting company. What is Yield Management, Really? 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.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

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

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. What’s new in RM, what are global revenue managers focused on?

Consumer 52

Consumer Ancillary Revenue Revenue Management Revenue 52

Xotels

JULY 26, 2024

We’re going to get down and dirty with the real-world strategies that we have actually seen working as a r evenue management consulting company. What is Yield Management, Really? 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.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Webrezpro

MAY 20, 2024

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

Scale 85

Scale Hotels Hospitality Ancillary Revenue 85

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. In terms of managing these obstacles, he said, it comes down to accepting the realities. “On the expense line, that involves managing costs more aggressively. increase in ADR and 0.8%

Occupancy 52

Occupancy Revenue Travel Operations 52

eZee Absolute

DECEMBER 7, 2023

Additionally, advanced revenue management systems enable dynamic pricing strategies, optimising revenue in real-time. The approach of dynamic pricing ensures that pricing aligns with market dynamics, maximising revenue potential. These models foster guest loyalty while providing a predictable revenue stream for the hotel.

Hospitality 59

Hospitality Revenue Dining Accommodation 59

Hotel Business

JULY 13, 2023

“When I developed HotelIQ Decision Cloud, it was very important to me to make data more accessible to the entire commercial team by breaking down the walls that traditionally exist within a hotel’s sales, marketing and revenue management departments,” said Apo Demirtas, founder/CEO, HotelIQ.

Revenue 52

Revenue Ancillary Revenue Management OTA 52

Travelboom Marketing

NOVEMBER 7, 2023

From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel. Other tools such as push messaging and food and beverage integration give properties the power to significantly increase their ancillary revenue. Don’t skip this step!

Hotel Marketing 96

Hotel Marketing Marketing Market OTA 96

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

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 82

Hotels Travel Ancillary Revenue Revenue Management 82

SiteMinder

AUGUST 1, 2024

Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. Organisation description This section provides details about your hotel’s ownership structure, management team, and any key personnel.

Business 52

Business Revenue Hotels Occupancy 52

Webrezpro

JULY 12, 2023

However, in our imaginary revenue competition, there is a clear winner. Riddle: Two hotels have the same number of rooms and charge the same rates. 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 75

Revenue Hotels Ancillary Revenue Revenue Management 75