Hotel Business

APRIL 25, 2024

Wyndham Hotels & Resorts , for the first quarter ended March 31, reported that global RevPAR grew 1% in constant currency and ancillary revenues grew 8% compared to the first quarter of 2023. per share related to expected marketing fund variability (after estimated taxes). and growth of 14% internationally. In the U.S.,

Pipeline 105

Pipeline Ancillary Revenue Revenue Occupancy 105

Amadeus Hospitality

DECEMBER 3, 2024

The report highlights that hoteliers view increasing occupancy and improving operational efficiencies as key priorities, with 85% of hoteliers anticipating that personalization could help deliver over 5% in incremental revenue. decision-makers planning to invest in technology within the year.

Ancillary Revenue 52

Ancillary Revenue Upsell Revenue Shopping 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 105

Revenue Ancillary Revenue Revenue Management Hotels 105

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. Email Marketing: While email is certainly not new, it is still one of the most effective marketing tactics.

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

Xotels

APRIL 3, 2024

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

AUGUST 1, 2024

It clarifies your marketing efforts by enabling you to pinpoint your target audience and craft effective campaigns to reach them. A solid business plan equips you to differentiate your hotel in a crowded market by highlighting your unique selling propositions. Target audience: Who are you trying to reach with your marketing efforts?

Business 95

Business Revenue Hotels Occupancy 95

Cloudbeds

OCTOBER 9, 2024

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. For instance, businesses may forecast sales or total revenue to guide their strategic planning and resource allocation.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

SiteMinder

JUNE 26, 2024

While revenue management is more focused on a hotel’s pricing and availability to maximize revenue, revenue optimization takes a broader approach to include a full range of revenue sources that includes food and beverage, spa services, events, classes, and other ancillary revenues.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Hotel Speak

JULY 19, 2024

It depends on the market. Imagine, you’re the revenue manager of a 300-room property, and one week out from the arrival date you have only 30% on the books. especially if your comp set is trending ahead on occupancy on the books. All your competitors are now doing 95% occupancy with a good balance of transient and group.

Revenue 79

Revenue Management Revenue Management Average Daily Rate 79

Little Hotelier

OCTOBER 17, 2023

Connect additional channels If you find on some days or weeks your occupancy is lower than you’d like, and not enough revenue is coming in as a result, you may not be reaching a big enough audience. You can market specific products and amenities to extended stay guests to motivate them to book with you.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

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. This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Run targeted marketing campaigns to attract high-value guests.

Revenue 52

Revenue Management Upsell Target Marketing 52

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? LEARN MORE CONTACT US LEARN MORE CONTACT US 3. To AI or Not to AI?

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? LEARN MORE CONTACT US LEARN MORE CONTACT US 3. To AI or Not to AI?

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Amadeus Hospitality

NOVEMBER 12, 2024

When asked to rate their top business objectives that are driving technology investment, 41% of hoteliers cited their desire to increase occupancy. By leveraging these extensive data sets, hoteliers gain deeper insights into market trends, competitive performance and customer preferences, leading to better decision-making.

Business 52

Business Average Daily Rate Hospitality Ancillary Revenue 52

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. Lower your operating costs effortlessly with smart hotel technology Use SiteMinder’s platform to easily boost occupancy, maximise revenue, and create efficiencies for your business.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Hotel Business

JULY 18, 2024

On top of this, expenses are growing at a faster rate than revenues in many markets, and while overall labor expense increases are moderating, there are several major markets that face higher wage resets in the coming years. increase in occupancy. Overall, the top 25 markets are outperforming the U.S.

Occupancy 52

Occupancy Revenue Travel Operations 52

Xotels

JULY 26, 2024

Segment Your Market: Not all guests are created equal. Segment your market and tailor your pricing to each segment. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. The more they stay with you, the more perks they unlock.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Xotels

APRIL 3, 2024

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotels Market The success of your revenue management strategy depends on how well you understand your market.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

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. 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

Travel 124

Travel Hotels Branding Consumer 124

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? Prompt Reactions: Respond swiftly to market fluctuations, demand shifts, and competitor actions.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Travelboom Marketing

SEPTEMBER 1, 2023

Increase RevPAR & Occupancy with a Hotel Loyalty Program With a goal of maximizing both occupancy AND RevPar, driving direct bookings with the help of a hotel loyalty program is a must. Higher rates can mean more on-site rewards for guests. Alternatively, less expensive room rates can be redeemed through more aggressive upselling.

Hotels 52

Hotels Upsell Ancillary Revenue Travel 52

Xotels

JULY 26, 2024

Segment Your Market: Not all guests are created equal. Segment your market and tailor your pricing to each segment. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. The more they stay with you, the more perks they unlock.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Xotels

JULY 26, 2024

Segment Your Market: Not all guests are created equal. Segment your market and tailor your pricing to each segment. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. The more they stay with you, the more perks they unlock.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

SiteMinder

SEPTEMBER 6, 2023

Best extended stay hotel chains The market is brimming with options, but some chains stand out for their exceptional service and value for money. Reduced marketing cost Happy long-term guests often become advocates, reducing the need for extensive marketing to secure more sales.

Motels 52

Motels Revenue Ancillary Revenue Hotels 52

Hotelogix

JANUARY 29, 2025

Real-time insights : Smart systems provide instant data on everything from occupancy rates to energy consumption, allowing for quick, informed decision-making. Occupancy sensors : Save energy and plan housekeeping better. Competitor rate monitoring : Change rates based on the market. Your room knows you better than you do!

Management 58

Management Hospitality Hotels Services 58

Hotel Speak

MAY 9, 2023

Cost control challenges can vary from hotel to hotel, depending on the market segment, location, and star classification, but most hotels face similar issues. Marketing By choosing the right marketing tools, such as a robust CRM system, hotels can capture and store guest data from all distribution channels.

Hotels 59

Hotels Upsell Revenue Marketing 59

StayNTouch

NOVEMBER 16, 2022

Although hotels can 一 and should 一 diversify their income streams and realize the potential of ancillary revenue, distribution remains the cornerstone of hotel profitability and success. The reasons for this are partially technological and partially market-oriented.

OTA 52

OTA Hotels Revenue Overbooking 52

Hotel Operations

MARCH 15, 2023

A need to drive revenue The ongoing pandemic recovery and global macroeconomic uncertainty this year (2023) have put an increased focus on driving revenue growth. Because of this, hotel owners – and the operators and brands that work for them – are focusing on top-line revenue growth now more than ever before.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Hotel Business

OCTOBER 24, 2024

“Our teams around the world once again delivered exceptional results, executing our long-term growth strategy and achieving 7% growth in comparable adjusted EBITDA fueled by continued system expansion, higher royalty rates and growth in our ancillary revenues,” said Geoff Ballotti, president/CEO. “We Diluted earnings per share was $1.29

Ancillary Revenue 59

Ancillary Revenue Pipeline Revenue Occupancy 59

Hotel Business

JULY 25, 2024

Ancillary revenues increased 6% compared to second quarter 2023. Year-to-date, we’ve returned over $250 million to shareholders, representing 4% ofour beginning market capitalization this year.” RevPAR results were driven by growth of 90 basis points in occupancy, partially offset by a decline of 50 basis points in ADR.

Pipeline 104

Pipeline Ancillary Revenue Occupancy Branding 104

Hotel Business

FEBRUARY 13, 2025

Our teams focus on expanding into higher FeePAR markets, growing our extended-stay footprint and unlocking new ancillary revenue streams underscore the diverse growth opportunities inherent in our asset-light, resilient business model.

Pipeline 82

Pipeline Ancillary Revenue Construction Occupancy 82