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Recent marketresearch indicates that the global hotel POS terminal market is set to reach a staggering $4.8 71% of hotels plan to implement AI-powered analytics in their POS systems by the end of 2025 to enhance personalization and upselling. billion by 2028 , growing at a CAGR of 8.1% from 2023 to 2028.
Valentine’s Day) Special room rates for members of tour groups, conferences, and recurring airline or business customers Based on an analysis of your customer segmentation and booking trends, you can create different revenue options for rooms by incentivising your preferred target market with personalised promotions and discounts.
On the hotel side, properties can make up for staff shortages and ensure existing staff are spending time on more complex tasks, collect more data for better marketing campaigns and personalized experiences and implement an effective upselling strategy for room upgrades, spa visits, breakfast buffets and more.
Despite the sluggish uptake in Canada, implementation of hospitality robots globally was valued at around US$300 million in 2022, and is expected to grow to approximately US$3,100 million by 2030, mostly driven by efficiencies, cost savings and as a way to fill the persistent labour shortage, according to Zion MarketResearch.
Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough marketresearch.
Additionally, the ability to upsell and cross-sell services directly through the platform can further enhance revenue. Networking, internships, and building a portfolio of marketing campaigns can also pave the way. What do tourism marketers do?
Understand your Hotels Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough marketresearch.
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