article thumbnail

Maximising Hotel Profits Beyond Rooms

Hotel Management

Themed dining events, branded F&B products or package deals can encourage guests to dine in-house. Diversify Food & Beverage (F&B) Offerings F&B services are a proven avenue for increasing hotel revenue. According to a report by STR, hotels that offer experience-based services can see a 20-30% increase in guest spending.

article thumbnail

Why a Delegate-Centric Strategy Is the Future of M&E Revenue

Demand Calendar

The real driver of profit is the number of delegates and attendees who spend on event space, food and beverage, guest rooms, and ancillary services. Growing revenue from meetings and events requires essential collaboration between Marketing, Sales, and Revenue Management : Marketing : Targets and attracts the right audiences and event types.

Revenue 69
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding Hotel Upselling: How&to Techniques for Hotel Event and Group Sales

Hotel News Resource

In the competitive world of hotel sales, finding ways to increase revenue is crucial which is where hotel upselling comes in! While attracting new clients is important, did you know that according to Forbes, the probability of selling to an existing customer is 60&70%, compared to just 5&20% for new prospects?

Upsell 85
article thumbnail

Why is Upselling in Hotels Important

Inn Quest

An effective strategy that can help is to upsell additional services or products relevant to customers. Therefore, upselling in hotels is not only influential but cost-efficient as well. What is Upselling? Upselling is a sales strategy that offers consumers additional services or add-ons to increase revenue.

Upsell 88
article thumbnail

How decision intelligence unlocks hotel data for better insights

Cloudbeds

For example, Cloudbeds Intelligence analyzes billions of future-looking data points, including competitor rates, events, holidays, and search information, combined with a property’s own data to understand how every combination impacts profit. DI can also be more proactive and suggest upsells tailored to guest profiles and booking patterns.

Upsell 105
article thumbnail

19 Event Trends That Will Shake Up Meetings & Group Business in 2019

Social Tables

What does it mean to be a part of the events industry in 2019? For venues and planners, that means looking into the crystal ball to get ahead of event trends and expectations. Here, we cover the top 19 trends which promise to shake up event planning and hospitality in 2019 and beyond. Well for starters, don’t blink.

Events 167
article thumbnail

Marriott Implements Oracle Hospitality OPERA Cloud PM

Lodging

AUSTIN, Texas—Oracle announced that Marriott International has selected Oracle Hospitality OPERA Cloud Property Management System (PMS) and Sales and Event Management as a hospitality cloud platform for luxury, premium, select-service, and midscale properties.