Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Memorable experiences outweigh rising inflation. Domestic tourism is still going strong.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

STAAH

DECEMBER 5, 2023

Hotels with multiple streams of income were far more flexible and were able to respond quickly to a drastically changing market. It may seem daunting but diversifying a hotel’s revenue is not too hard. Don’t lose sight of core ancillary revenue. can all become revenue earners. In this blog, we look at some ideas.

Revenue 105

Revenue Ancillary Revenue Upsell Events 105

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. Here are 10 strategies: 1. Switch to dynamic pricing.

Revenue 105

Revenue Ancillary Revenue Revenue Management Hotels 105

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

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

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

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

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. Think of it like offering a first-class upgrade on an airline.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

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. Think of it like offering a first-class upgrade on an airline.

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. Think of it like offering a first-class upgrade on an airline.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

SiteMinder

AUGUST 22, 2022

GuestJoy will further expand SiteMinder’s robust hotel commerce offering, allowing hoteliers to automate and digitise their guest communication, drive upsell revenues, and strengthen direct guest acquisition. GuestJoy has been a SiteMinder partner since 2017, with customers across the UK and Europe.

Ancillary Revenue 52

Ancillary Revenue Upsell Hotels ROI 52

SiteMinder

JULY 29, 2024

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. With the revenue of the hotel market projected to have reached US$426.40bn by this year worldwide, it’s important to know how you can maximise your share.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management Hotels 52

Little Hotelier

OCTOBER 17, 2023

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. Target the right market If you know that your property is more popular with older travellers, or couples, or families, make it a focal point on your website and in the various ways you market your hotel.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Hotel Business

JANUARY 31, 2023

The new structure of this group, formalized in January 2023, aligns with the six operating divisions and enables best-in-class understanding of markets, brands, brokers, owners and performance. In 2023, Aimbridge is planning: Implementation of its global growth plan, led by a reimagined and restructured business development group.

Ancillary Revenue 52

Ancillary Revenue Services Upsell Operations 52

Hotel Business

JULY 11, 2023

Travel marketing platform Sojern has acquired VenueLytics , an integrated guest experience platform serving independent hotels, resorts, chains and casinos. Sojern will incorporate VenueLytics’ capabilities as an extension of the Sojern Travel Marketing Platform.

Ancillary Revenue 40

Ancillary Revenue Casinos Upsell Marketing 40

Catala Consulting

JULY 30, 2023

The science of resort revenue management transforms various factors, such as booking patterns, guest behaviour, market trends, and competitor analysis, into tangible insights that drive financial performance. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

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

Xotels

SEPTEMBER 22, 2022

With the recent proliferation of new travel super apps, distribution Goliaths such as Google and Expedia updating their ranking algorithms at a frantic pace, and the seemingly unstoppable growth of metasearch engine traffic, building and executing an effective hotel marketing strategy can seem intimidating. Content marketing.

Hotel Marketing 40

Hotel Marketing Market Marketing OTA 40

Social Tables

SEPTEMBER 21, 2017

You can use it as a casual marketing tool, letting guests learn more about your hotel, serving them exclusive offers, and even upselling other amenities during their stay. It’s another great way to generate ancillary revenue for your property. A hotel check-in app is more than just a tool to keep up appearances.

Ancillary Revenue 60

Ancillary Revenue Hotels Upsell Revenue 60

Travelboom Marketing

SEPTEMBER 1, 2023

Alternatively, less expensive room rates can be redeemed through more aggressive upselling. Revenue Maximization: With any direct booking, a hotel will have the potential to drive both primary and ancillary revenue during and after the booking. A hotel loyalty program would amplify these opportunities to upsell.

Hotels 52

Hotels Upsell Ancillary Revenue Travel 52

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

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

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. Boost revenue per guest: Offer enticing upsell and package offers to convince each individual guest to spend a little more. What are variable costs per occupied room?

Revenue 52

Revenue Revenue Management Occupancy Hotels 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

Up Hotel

DECEMBER 9, 2024

Increase room ADR, sell more hotel rooms direct, increase you market share, reduce channel spend on OTAsfamiliar? The next article will look into top ways to allocate your marketing budget in 2025. Please dont misunderstand, I do genuinely feel that OTAs have a part to play in the marketing mix.

ROI 40

ROI OTA Hotels Cost Per Click 40

Hotelogix

JANUARY 29, 2025

Here’s the scoop: Dynamic pricing strategies : AI-powered systems adjust rates in real-time based on demand, events, and competitor pricing, maximizing revenue per available room (RevPAR). Upselling on steroids : Intelligent systems identify opportunities to offer personalized upgrades and services, increasing average guest spend.

Management 58

Management Hospitality Hotels Services 58

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

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

Refine

OCTOBER 28, 2024

In this article, we interview Pablo Torres, a hospitality management expert specializing in revenue optimization and guest experience. With over 20 years in the industry, Pablo develops innovative strategies that drive ancillary revenue and operational efficiency.

Ancillary Revenue 75

Ancillary Revenue Hospitality Revenue Hospitality Management 75