Hospitality Tech

JANUARY 8, 2024

By offering unique, tech-driven and personalized loyalty programs, hoteliers can increase RevPAR and occupancy, tap into ancillary revenue streams and stand out from the crowd.

Ancillary Revenue 64

Ancillary Revenue Revenue Occupancy Hotels 64

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. For this scenario, we’re thinking about just a room without considering F&B or any other revenue streams. especially if your comp set is trending ahead on occupancy on the books. How much are you willing to risk?

Revenue 85

Revenue Management Revenue Management Average Daily Rate 85

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. rise in direct booking conversions over a six-month period, significantly boosting its overall revenue.

Ancillary Revenue 52

Ancillary Revenue Upsell Revenue Shopping 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

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? Our smart hotel platform helps you do exactly that.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

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. The company continues to expect marketing fund revenues to equal expenses during full-year 2024. and growth of 14% internationally.

Pipeline 106

Pipeline Ancillary Revenue Revenue Occupancy 106

Hotel Business

FEBRUARY 20, 2025

year-over-year net increase in our more revenue-intense domestic rooms portfolio, a testament to the success of our growth strategy,” said Patrick Pacious, president/CEO, Choice. and occupancy levels increased by 80 basis points for fourth-quarter 2024, compared to the same period of 2023. Domestic ADR grew by 3.1%

Ancillary Revenue 59

Ancillary Revenue Pipeline Scale Revenue 59

Hotel Business

JULY 25, 2024

Ancillary revenues increased 6% compared to second quarter 2023. RevPAR results were driven by growth of 90 basis points in occupancy, partially offset by a decline of 50 basis points in ADR. APAC occupancy declined 7% and ADR declined 5%. Awarded 180 development contracts globally, including 96 contracts in the U.S.,

Pipeline 104

Pipeline Ancillary Revenue Occupancy Branding 104

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

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. Collect and act on guest feedback to continuously improve your services.

Revenue 52

Revenue Management Upsell Target Marketing 52

Amadeus Hospitality

APRIL 21, 2023

The Challenge In September of 2022, the Handlery was in the midst of a period of rapid recovery, with an average daily occupancy of over 80%. Happy Ending As a result, the Handlery experienced a 25% increase in direct booking conversions with the new booking engine , and an extremely impressive 125% increase in ancillary revenue.

Ancillary Revenue 52

Ancillary Revenue Revenue Occupancy Hotels 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

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 1, 2024

SiteMinder’s platform empowers you to execute your hotel business plan seamlessly and drive revenue growth. Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. based on your projected occupancy and service levels.

Business 95

Business Revenue Hotels Occupancy 95

Cloudbeds

OCTOBER 9, 2024

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

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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. A lower CPOR means that you are generating more revenue per occupied room, which can lead to higher profit margins. What are variable costs per occupied room?

Revenue 52

Revenue Revenue Management Occupancy Hotels 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. When asked to rate their top business objectives that are driving technology investment, 41% of hoteliers cited their desire to increase occupancy.

Business 52

Business Average Daily Rate Hospitality Ancillary Revenue 52

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. This can entice guests to book at a higher rate while also increasing your overall revenue.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Xotels

JULY 26, 2024

Were going to get down and dirty with the real-world strategies that we have actually seen working as a revenue management consulting company. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. Consider hiring a revenue management consultant instead.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. This can entice guests to book at a higher rate while also increasing your overall revenue.

Yield Management 52

Yield Management Upsell Revenue 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. ” Meliker expects RevPAR growth to end the year up 1.8%, driven by a 2.6%

Occupancy 52

Occupancy Revenue Travel Operations 52

SiteMinder

SEPTEMBER 6, 2023

For hoteliers, guests that opt for extended stays provide a powerful source of bookings and revenue. Steady revenue stream Long-term guests mean a consistent income, reducing the stress of seasonal fluctuations. Maximise your revenue with real-time data analytics. Enhance guest experience with personalised services.

Motels 52

Motels Revenue Ancillary Revenue Hotels 52

Travelboom Marketing

NOVEMBER 7, 2023

Rather, you need to ensure your efforts here are driving meaningful engagement , traffic, (and revenue). From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel. App Development: Mobile apps are proving to be a fantastic means for guest satisfaction and revenue generation.

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

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

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

StayNTouch

NOVEMBER 16, 2022

Leveraging Technology to Drive More Bookings for Your Hotel By Justin DeRise The foundation of any hotel sales and revenue strategy lies in its distribution channels. A distribution channel is simply any forum or platform that a hotel uses to advertise and sell its rooms. Explore Our Guest-Centric Cloud PMS and Contactless Technology.

OTA 52

OTA Hotels Revenue Overbooking 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. Driving Revenue Growth in a Competitive Landscape In the cutthroat world of hospitality, every edge counts. Occupancy sensors : Save energy and plan housekeeping better.

Management 58

Management Hospitality Hotels Services 58

Hotel Speak

MAY 9, 2023

Without this valuable data, hotels will struggle to make informed decisions which will directly result in lost revenue opportunities. With the right approach, hotels can get their fair share of direct revenue and own valuable guest data that provides insights to take their strategy to the next level.

Hotels 59

Hotels Upsell Revenue Marketing 59

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. But as revenue management technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results.

Hospitality 59

Hospitality Hotels Operations Revenue 59

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 83

Pipeline Ancillary Revenue Construction Occupancy 83

Cloudbeds

FEBRUARY 11, 2025

In 2025, upselling continues to evolve as a critical strategy for hoteliers looking to enhance guest experiences and maximize revenue. Rising room rates drive greater focus on ancillary revenue Inflation and rising costs are squeezing room rate profitability, making ancillary revenue more essential than ever.

Upsell 52

Upsell Ancillary Revenue Revenue Dining 52