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

Intelity

AUGUST 29, 2023

For properties wondering how to increase hotel revenue, the answer lies in data aggregation Driving non-room revenue is one of the key goals for almost all hoteliers and hotel operators. But what if maximizing revenue was easier than you think? Want to learn how to increase hotel revenue at your property by using guest data?

Revenue 75

Revenue Upsell Operations Hotels 75

Hotelogix

NOVEMBER 7, 2024

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. By encouraging guests to book directly through your website, you can keep more of the revenue and build stronger relationships with your guests. Implement Dynamic Pricing for Optimal Revenue What is Dynamic Pricing?

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

Intelity

JUNE 22, 2023

Discover how you can increase your hotel ROI, while you’re maximizing revenue by choosing the right hotel technology Maximizing revenue and increasing ROI — it’s every business owner’s dream. Here are four ways hotel technology can offer a profitable return on investment, while maximizing revenue. Then, request a demo today.

ROI 72

ROI Revenue Dining Hotels 72

eZee Absolute

OCTOBER 16, 2023

Well, here’s a trick called “ancillary revenue.” To put it in simple words, ancillary revenue or additional revenue is like a bonus income that hotels can earn from things besides just renting rooms. That’s exactly what ancillary revenue is all about. Let’s say, you’re running a hotel.

Ancillary Revenue 59

Ancillary Revenue Revenue Services Events 59

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

Hotelier Magazine

MARCH 11, 2024

By Adam and Larry Mogelonsky The core revenue stream for every hotel brand will always be heads in beds. Not just as a reason to visit to feed the rooms-revenue ledger, the sheer broadness and flexibility of the term ‘wellness’ allows nearly any brand to play in the space.

Revenue 59

Revenue Branding Upsell Services 59

Hotelogix

OCTOBER 17, 2024

They minimize overbookings, streamline the reservation process, and drive revenue. Improve revenue  If hotels rely on manual bookings only, it can greatly reduce their ability to maximize revenue and deliver a smooth customer experience. If you're still managing bookings manually, it’s time to make the switch. 

Upsell 52

Upsell Revenue Hotels Overbooking 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 52

Upsell Occupancy Revenue Management Revenue 52

Inn Quest

MAY 11, 2023

However, one of the biggest challenges hoteliers face is determining the right pricing strategies to maximize their revenue in the post-pandemic world. The question is, how can hoteliers implement effective pricing strategies to boost their revenue and stay ahead of the competition?

Revenue 88

Revenue Occupancy Hotels Market 88

SiteMinder

AUGUST 29, 2023

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. Think of it as the cherry on top.

Ancillary Revenue 52

Ancillary Revenue Revenue Hotels Services 52

Hotel Business

MARCH 5, 2024

Travel sellers have access to enhanced data sharing and revenue management, while hotels benefit from enhanced customer experiences. Amadeus Value Hotels equips leisure travel sellers with a range of exclusive prepaid net rates and allows sellers to set their selling prices to optimize revenue.

Travel 72

Travel Upsell Revenue Revenue Management 72

AskSuite

NOVEMBER 6, 2024

Artificial intelligence in the hospitality industry has become a powerful tool for hotels to stay competitive and boost revenue. AI allows you to customize guest interactions by: Adjusting room settings; Offering tailored dining choices; Recommending local activities. The result?

Operations 52

Operations Hospitality Upsell Revenue 52

Little Hotelier

NOVEMBER 18, 2024

Streamline your concierge services with Little Hotelier Easily deliver a personalised, concierge-level experience that delights guests and boost your hotel’s revenue with Little Hotelier. Here are some common responsibilities: Offering local recommendations : Providing tailored suggestions on dining, sightseeing, and activities.

Hiring 52

Hiring Services Hotels Upsell 52

StayNTouch

JULY 30, 2024

Five: Upselling Capabilities Upselling is a powerful tool for increasing revenue and enhancing the guest experience. A sophisticated PMS with built-in upselling capabilities can suggest upgrades and additional services to guests during the booking process or their stay.

Upsell 52

Upsell Management Operations Hotels 52

Intelity

MARCH 16, 2023

Personalized promotions go a long way when it comes to cross-selling, upselling, and retaining hotel guests We all know upselling and cross-selling tips are hot topics in the retail industry, but they’re also important factors when it comes to marketing to your hotel guests.

Upsell 67

Upsell Events Hotels Revenue 67

Amadeus Hospitality

APRIL 23, 2024

In order to maximize revenue across the business, hoteliers should focus their budget on elevating the guest experience using advanced reservations, distribution, marketing, and data services. These assets can all be creatively worked into pricing and upselling strategies during the shop and book process.

Upsell 52

Upsell Global Distribution System Hotels Shopping 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

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

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

Hotel Speak

OCTOBER 31, 2024

This enables your team to provide more relevant and valuable upsells. How can hoteliers adopt this approach and what benefits can they expect from focusing on revenue per available guest? By moving to a RevPAG (Revenue Per Available Guest) approach, even just across golf and spa, you can grow the revenue per guest by 10%, per visit.

Hospitality 79

Hospitality Revenue Yield Management Dining 79

Hotel Speak

MAY 30, 2024

It’s time to take action to improve the bottom line and remove revenue leakage. While Revenue Per Available Room (RevPAR) is up by 17% in Europe compared to January 2020 , F&B revenue increased just 5%. By using data, hotels can improve revenue with dynamic pricing or tiered pricing for different customer segments.

Consumer 95

Consumer Forecasting Revenue ROI 95

Hotel Business

SEPTEMBER 13, 2024

No longer the new kid on the revenue block, mobile ordering has worked hard to establish itself as a key sales channel in recent times and is firmly set to continue to bear influence over how guests interact, view menus, order and spend both now and in the future. Recognizing its role however is only the first step.

Revenue 52

Revenue Upsell Sales Sales Tools 52

Amadeus Hospitality

MARCH 5, 2024

Travel sellers enjoy enhanced data sharing and revenue management, while hotels benefit from enhanced customer experiences. Additionally, Amadeus Value Hotels equips leisure travel sellers with a range of exclusive prepaid net rates and allows sellers to set their selling prices to optimize revenue.

Revenue 59

Revenue Travel Upsell Hotels 59

SiteMinder

OCTOBER 10, 2023

Discount pricing is a revenue management strategy where prices are lowered temporarily or for certain conditions to attract guests and boost occupancy rates. By understanding and employing discount pricing strategically, hotels can maximise revenue, improve guest satisfaction, and enhance their overall brand image.

Occupancy 59

Occupancy Events OTA Revenue 59

SiteMinder

SEPTEMBER 6, 2023

Providing upselling opportunities: Once a guest has booked a room, there are additional opportunities to upsell services such as dining or spa packages, thereby increasing overall revenue. Here are just five examples of hotel promotions you can run to increase occupancy and revenue when needed.

Hotels 105

Hotels Events Upsell Occupancy 105

SiteMinder

OCTOBER 14, 2024

For B2B hospitality brands, they streamline operations, reduce costs, and offer valuable data insights that help refine services and increase revenue through upselling. From enhancing the guest experience to boosting revenue, digital concierges are quickly becoming a must-have feature for hotels looking to stay competitive.

Services 52

Services Hotels Upsell Revenue 52

Intelity

APRIL 18, 2023

Always Offer an Add-On Driving additional revenue while improving guest satisfaction is a win-win. Ask your staff to recommend your best bottle during their next dining interaction. Use this opportunity to personalize their stay while upselling to drive a little additional revenue to your property.

Upsell 82

Upsell Hotels Services Revenue 82

SiteMinder

MAY 30, 2024

In this guide, we’ll explore how you can optimise your hotel’s check-out procedure, enhance customer satisfaction, and boost revenue by getting your rooms relisted for sale faster. Offering late check-out as a perk for loyalty members or for an additional fee can be a great way to enhance guest satisfaction and generate extra revenue.

Hotels 52

Hotels Upsell Revenue Dining 52

SiteMinder

NOVEMBER 14, 2023

Whether it’s breakfast in bed, a midday snack, or a late-night feast, room service means that guests can enjoy a seamless dining experience at the press of a button. In room dining: Beyond set meals, provide a 24/7 dining option where guests can order snacks, beverages, or meals at their convenience.

Services 59

Services Dining Hotels Revenue 59

SiteMinder

MAY 2, 2024

Ideally situated at the heart of the thriving tourism hotspot, City Oasis offers spacious comfortable rooms equipped with a kitchenette, free WiFi, an award-winning lagoon style pool, tropical BBQ area, dine-in restaurant, and free access to the nearby gym and memorial baths. Our smart hotel platform helps you do exactly that.

Small Business 52

Small Business Upsell Revenue Dining 52

SiteMinder

SEPTEMBER 4, 2023

From exquisite rooms, amazing dining options, and fabulous event venues, Chatrium is truly a premium accommodation choice. After 12 years in operation, we recently spoke to Corporate Director for Revenue & Digital Distribution Pawarisa Hirantanes about the group’s journey and its satisfaction with SiteMinder as a technology partner.

Operations 98

Operations Revenue Hotels OTA 98

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Boosted revenue : Late bookings often come with higher price tags, capitalising on the urgency of the guest’s needs. An occupied room, even at a discounted rate, is better than an empty one.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Hotelogix

OCTOBER 18, 2024

Managing Restaurant Operations: Coordinating between kitchen and dining staff ensures that meals are served promptly and meet guest expectations. Importance of Upselling: Training staff to suggest additional menu items can enhance the dining experience and boost revenue.

Operations 52

Operations Management Hotels Services 52

Intelity

JULY 11, 2023

Hotels that invest in delivering on consumer expectations will see an increase in brand loyalty, which leads to an increase in revenue. By implementing the right tech, hotels can impress guests, streamline operations, and drive non-room revenue.

Upsell 63

Upsell Hotels Shopping Services 63

Cloudbeds

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue. Generate more revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

SiteMinder

SEPTEMBER 6, 2023

Once a booking is made, automated emails kick in, confirming the reservation and even suggesting add-ons like room upgrades or dining options. The more you can funnel guests through your own website, the more you retain full control over the revenue and the guest experience. But it’s not just about the bottom line.

Hotels 98

Hotels Revenue Occupancy Services 98