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

Xotels

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. Train them to identify upselling and cross-selling opportunities and present them in a natural, non-pushy way.

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

Xotels

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. Train them to identify upselling and cross-selling opportunities and present them in a natural, non-pushy way.

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10 Smart Hotel Cost Control Ideas to Save Money

Hotel Speak

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. Upselling and cross-selling: track guest preferences and booking history, allowing hotels to offer personalised upsell and cross-sell offers.

Hotels 59
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Hotel Revenue Management Strategies

Xotels

Making sure you get your fair share of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. It involves employing upselling and cross-selling techniques , which include personalised recommendations, strategic pricing, and seamless integration into the guest experience.

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KML Leadership Summit Tackles Industry Challenges

Hotelier Magazine

We have to be smart about how we steal more than our fair share of the talent that’s out there.” “At the same time, we saw record low unemployment, which is tough combination. We’re still hovering at about a five per cent unemployment rate. Venu expressed a similar sentiment. We never sell a robot to replace a person.