Remove Ancillary Revenue Remove OTA Remove Retail
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2023 hotel and travel trends

Boutique Hotel News

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.

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How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

Direct Bookings: Loyalty programs encourage guests to book directly with you, saving you those hefty commissions paid to OTAs. 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.

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How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

Direct Bookings: Loyalty programs encourage guests to book directly with you, saving you those hefty commissions paid to OTAs. 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.

article thumbnail

How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

Direct Bookings: Loyalty programs encourage guests to book directly with you, saving you those hefty commissions paid to OTAs. 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.

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How to start a hotel business plan

SiteMinder

Sales channels: How you will determine your distribution strategy , whether it’s direct bookings, online travel agents (OTAs), or a combination of both. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue.