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Ancillary revenue: Guide and examples for hotels

SiteMinder

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.

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7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

From online travel agencies (OTAs) to direct booking engine , hotels must effectively manage distribution channels to maximize revenue and minimize distribution costs. Ancillary Revenue Management Pricing In addition to room revenue, ancillary revenue streams play a crucial role in boosting overall profitability.

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Report: Independent hotels see record-breaking occupancy

Hotel Business

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.

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Survey Results: Revenue Management Trends & Predictions for 2024

Hotel Speak

The top six trends identified by our survey respondents are: Profitability Automation Integrated Systems TrevPAR Ancillary revenue Artificial intelligence Revenue Management More Important Than Ever The revenue management discipline in hotels continues to grow in importance, with respondents ranking it 4.8

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Hotel Revenue Management Strategies

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Also, gone are the days of selling the majority of your rooms through OTAs. Encourage Direct Hotel Bookings Encouraging customers to book directly should be a main priority included in your revenue management strategy.

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How to increase hotel revenue: 15 tips for small hotels

Little Hotelier

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. Of course, you must maintain rate parity (the same rate on your website as on the OTA) but try making booking direct a more attractive method by offering guests value-added services.

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How To Create the Perfect Hotel Marketing Budget

Travelboom Marketing

Rather, you need to ensure your efforts here are driving meaningful engagement , traffic, (and revenue). OTAs: At TravelBoom we like to think of the OTAs as a new business tool, not a set-and-forget way to fill empty rooms. Are you successfully converting your OTA bookings to direct guests?