STAAH

MAY 28, 2024

With market dynamics constantly evolving, hotels must explore and innovate beyond traditional revenue streams. One highly effective strategy is to look beyond rooms to drive ancillary revenue. Diversify Revenue Streams: Relying solely on room revenue can be risky.

Ancillary Revenue 98

Ancillary Revenue Revenue Services Events 98

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. As a result, hotels will maximise partnerships with retailers and become more multifaceted in their approach,” he says. percentage points.

Travel 124

Travel Hotels Branding Consumer 124

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

JULY 26, 2024

Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams. A positive online reputation can be a powerful driver of profitability for your hotel.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Hotel Business

JULY 18, 2024

“Operating costs are expected to rise further. Roughly two-thirds of the top 25 markets have realized YTD TRevPAR (total revenue per available room) increases in 2024. ” How operators see it The feelings about the first half of the year was similar on the operational side. “On the other hand, U.S.

Occupancy 52

Occupancy Revenue Travel Operations 52

Xotels

JULY 26, 2024

Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams. A positive online reputation can be a powerful driver of profitability for your hotel.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Hotel Operations

MARCH 15, 2023

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. 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