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EBITDAR explained: Driving financial health for hotels

Cloudbeds

F&B or events), tap into new market segments such as corporate or family groups, and implement upselling/cross-selling. Improve marketing and distribution Optimize distribution channels to reduce sales commissions. Consider offsetting rent costs by subleasing underutilized spaces, such as conference rooms or retail areas.

Revenue 40
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How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

Don’t Forget About Upselling: Train your staff to upsell guests to higher room categories or add-on services. Upselling and Cross-Selling: The Art of Turning Guests into Big Spenders Alright, let’s talk about the real money-makers in the hotel game – upselling and cross-selling.

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

Xotels

Don’t Forget About Upselling: Train your staff to upsell guests to higher room categories or add-on services. Upselling and Cross-Selling: The Art of Turning Guests into Big Spenders Alright, let’s talk about the real money-makers in the hotel game upselling and cross-selling.

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

Xotels

Don’t Forget About Upselling: Train your staff to upsell guests to higher room categories or add-on services. Upselling and Cross-Selling: The Art of Turning Guests into Big Spenders Alright, let’s talk about the real money-makers in the hotel game – upselling and cross-selling.

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Chatbot Marketing – Is it Worth it for Your Business?

MediaBoom

Thanks to ChatGPT , chatbots are on the front page of newspapers and at the forefront of marketers’ minds. By 2024, it’s estimated that consumer retail spending from chatbots will reach an impressive $142 billion. Learn how you can maximize your business through chatbots and marketing! What is Chatbot Marketing?

Market 52
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5 best revenue management consulting companies and services

Little Hotelier

Another common strategy utilised in hotel revenue management consulting is to identify other potential revenue streams, from value-adding services, to new target markets, to opportunities to upsell and cross-sell. Features: Comprehensive revenue management strategies and guidance.

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What is hotel metasearch marketing? The complete guide for lodging properties

Cloudbeds

And yet, many hotels overlook metasearch in their digital marketing strategy , missing out on opportunities to reach a broader segment of travelers, compete for business with online travel agencies (OTAs), and drive direct bookings. Upsell and cross-sell. Target active trip planners.