Remove Ancillary Revenue Remove Retail Remove Upsell
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Revenue optimization: Full guide for hotels

SiteMinder

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

Xotels

This can entice guests to book at a higher rate while also increasing your overall revenue. Don’t Forget About Upselling: Train your staff to upsell guests to higher room categories or add-on services. These are the techniques that can significantly boost your hotel’s revenue without a ton of extra effort.

article thumbnail

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

Xotels

This can entice guests to book at a higher rate while also increasing your overall revenue. Don’t Forget About Upselling: Train your staff to upsell guests to higher room categories or add-on services. These are the techniques that can significantly boost your hotel’s revenue without a ton of extra effort.