Mews

JULY 11, 2023

A question on every hotelier's mind: how to generate more revenue in a hotel. While there's no tried and tested solution, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue, upselling, and other marketing strategies.

Ancillary Revenue 52

Ancillary Revenue Revenue Upsell Marketing Strategy 52

Refine

OCTOBER 28, 2024

In this article, we interview Pablo Torres, a hospitality management expert specializing in revenue optimization and guest experience. With over 20 years in the industry, Pablo develops innovative strategies that drive ancillary revenue and operational efficiency.

Ancillary Revenue 75

Ancillary Revenue Hospitality Revenue Hospitality Management 75

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

STAAH

DECEMBER 5, 2023

Diversifying your revenue means maximising its full potential and being prepared for the unexpected with a robust earning structure. Along with the many other things Covid taught us, it also taught hoteliers not to solely rely on room revenue as a source of income. Don’t lose sight of core ancillary revenue. for a cost.

Revenue 89

Revenue Ancillary Revenue Upsell Events 89

Mews

AUGUST 15, 2024

These kiosks can handle everything from check-ins and check-outs to payments, key card creation and upsells that drive ancillary revenue. A hotel self-check-in kiosk is a piece of technology, often in the form of a tablet, that puts the check-in and check-out process directly into the hands of guests.

Ancillary Revenue 52

Ancillary Revenue Upsell Revenue Hotels 52

Refine

SEPTEMBER 21, 2024

In this article, you’ll explore how automation frees staff to make meaningful connections, while powering personalized offers that drive guest satisfaction and ancillary revenue. For modern hotels, balancing digital tools and human interaction is key to delivering exceptional guest experiences.

Ancillary Revenue 97

Ancillary Revenue Revenue Hotels Upsell 97

STAAH

JANUARY 16, 2024

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. In this blog, we share some simple tactics and ideas that can boost your hotel’s revenue. Optimise ancillary revenue. Dynamic pricing is a modern hotelier’s most effective strategy for revenue management.

Revenue 89

Revenue Ancillary Revenue Revenue Management Hotels 89

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

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. Train your staff to identify and capitalize on upselling opportunities.

Revenue 52

Revenue Management Upsell Target Marketing 52

Skift Blog

JULY 5, 2023

Skift Take: The startup Techsembly performs a neat trick in letting luxury hotel brands like The Peninsula sell gift cards to boost upsells without creating a downmarket vibe. No wonder it caught Sabre's eye. Sean O'Neill Read the Complete Story On Skift

Upsell 259

Upsell Hotels Branding Ancillary Revenue 259

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

Cloudbeds

NOVEMBER 15, 2024

If there’s a sudden change, for example, an influx of last-minute bookings hits the system, the platform can enable revenue managers to adjust room rates dynamically to maximize revenue. DI can also be more proactive and suggest upsells tailored to guest profiles and booking patterns. Why it’s important for hotels?

Upsell 92

Upsell Occupancy Revenue Management Revenue 92

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 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

Hotel Business

DECEMBER 12, 2022

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. Hotels are generating better revenue. Domestic tourism is still going strong.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

SiteMinder

JULY 29, 2024

Hotel profit margin is defined by the percentage of a hotel’s revenue remaining after subtracting all business expenses, including staff costs, maintenance, and marketing. With the revenue of the hotel market projected to have reached US$426.40bn by this year worldwide, it’s important to know how you can maximise your share.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management 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

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

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

Hotel Business

JULY 11, 2023

VenueLytics’ solutions help marketing, operations and front-desk teams better serve their guests with less resources required, drive incremental revenue and maximize profit, the company reports. “We are dedicated to providing the travel industry with innovative solutions that leverage data, AI and technology to drive results.

Ancillary Revenue 40

Ancillary Revenue Casinos Upsell Market 40

SiteMinder

AUGUST 22, 2022

GuestJoy will further expand SiteMinder’s robust hotel commerce offering, allowing hoteliers to automate and digitise their guest communication, drive upsell revenues, and strengthen direct guest acquisition. GuestJoy has been a SiteMinder partner since 2017, with customers across the UK and Europe.

Ancillary Revenue 52

Ancillary Revenue Upsell Hotels ROI 52

Hotel Business

JANUARY 31, 2023

Current pilot programs in the Aimbridge system are: · ‘New to Hospitality’ point-of-sale system · Grab and go Market point-of-sale system · Digital tipping solution · Self-serve kiosks · Mobile F&B ordering platform · Ancillary revenue upsell platform The post Aimbridge unveils “Aimbridge Accelerates” report appeared first on hotelbusiness.com. (..)

Ancillary Revenue 52

Ancillary Revenue Services Upsell Operations 52

Travelboom Marketing

SEPTEMBER 1, 2023

Alternatively, less expensive room rates can be redeemed through more aggressive upselling. Revenue Maximization: With any direct booking, a hotel will have the potential to drive both primary and ancillary revenue during and after the booking. A hotel loyalty program would amplify these opportunities to upsell.

Hotels 52

Hotels Upsell Ancillary Revenue Travel 52

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 Business

JULY 13, 2023

When I developed HotelIQ Decision Cloud, it was very important to me to make data more accessible to the entire commercial team by breaking down the walls that traditionally exist within a hotel’s sales, marketing and revenue management departments,” said Apo Demirtas, founder/CEO, HotelIQ.

Revenue 52

Revenue Ancillary Revenue Management OTA 52

SiteMinder

AUGUST 18, 2022

When it comes to successful revenue management strategy , it’s not just about tracking your own internal metrics such as RevPAR. At your hotel you also need to perform regular competitive analysis to see where you stand in the local market and how you can gain an advantage, or at least maximise your potential revenue and profit.

Hotels 52

Hotels Revenue Ancillary Revenue OTA 52

Social Tables

SEPTEMBER 21, 2017

You can use it as a casual marketing tool, letting guests learn more about your hotel, serving them exclusive offers, and even upselling other amenities during their stay. It’s another great way to generate ancillary revenue for your property. A hotel check-in app is more than just a tool to keep up appearances.

Ancillary Revenue 60

Ancillary Revenue Hotels Upsell Revenue 60

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

Xotels

SEPTEMBER 22, 2022

Some properties might want to increase their awareness by using OTA’s billboard effects, while others may want to focus on reducing cost-per-acquisition and increasing their direct revenue. Still, your human staff can go a long way to redirect guests to your direct channels , upsell and increase your overall ancillary revenue.

Hotel Marketing 40

Hotel Marketing Market Marketing OTA 40