Cloudbeds

MARCH 15, 2023

A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests. These types of promotions are great for when you need to fill occupancy fast and should not be used all the time.

OTA 98

OTA Revenue Sales Hotels 98

Hotelogix

JANUARY 21, 2025

Turn Local Culture Into a Magnet for Guests Your location is your biggest selling point, and it's a fantastic opportunity to integrate hotel upsell deals naturally into your offerings. Wellness tourism : The Global Wellness Institute notes that wellness tourism grows by 6.5%

Hotels 40

Hotels Business Travel Operations 40

Hotel Speak

JULY 4, 2023

It also had speakers from Booking.com, TrustYou, the Board of Tourism Authority of Thailand, and the Tourism Council of Phuket. It ultimately increases their profitability by maximising revenue and occupancy. Hotels will adopt these technologies to understand and anticipate guest behaviour, spending pattern, preferences, etc.,

Hotels 52

Hotels Revenue Revenue Management Occupancy 52

SiteMinder

AUGUST 30, 2023

Here’s why they’re beneficial: Revenue diversification Hotel packages allow you to diversify your revenue streams by upselling various services and amenities. Increased occupancy Strategically designed packages can help fill rooms during off-peak seasons or weekdays.

Hotels 98

Hotels Services Revenue Business 98

Amadeus Hospitality

JULY 10, 2024

Almost all hoteliers acknowledge the transformative potential of AI for their businesses, which could enable them to identify and offer upsell opportunities to guests (49%), offer more personalized experiences (46%), and use data to enhance organizational efficiency (44%). Artificial Intelligence (AI).

Upsell 52

Upsell Services Travel Consumer 52

SiteMinder

OCTOBER 15, 2023

They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. Other popular channels with travellers include: TripAdvisor – Aggregates reviews for hotels, restaurants and tourism activities. VRBO – Short for Vacation Rentals by Owners, similar to Airbnb.

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

Little Hotelier

FEBRUARY 25, 2024

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. Strategies include offering add-ons and extras during the booking process, or upselling a guest to a more premium room.

Revenue Management 52

Revenue Management Revenue Services Management 52

SiteMinder

NOVEMBER 18, 2024

Destination management companies (DMCs) and travel agencies serve different purposes in the travel and tourism industry. Their expertise in organising MICE events and other group activities can significantly increase occupancy rates, especially during off-peak seasons.

Management 52

Management Events Services Occupancy 52

SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Travel and Tourism Tourism is different from hospitality as travel functions as a catalyst for people to spend more money on hospitality services.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Travel and Tourism Tourism is different from hospitality as travel functions as a catalyst for people to spend more money on hospitality services.

Operations 52

Operations Management OTA Hotels 52

Little Hotelier

JULY 18, 2024

7.25%) and some form of bed tax, occupancy tax, lodging tax or hotel sales tax (0%–20%). Italy VAT: The standard VAT rate in Italy is 22%, but the tourism sector enjoys a reduced VAT rate of 10% (excluding luxury hotels and certain travel services).

Sales 52

Sales Hotels Services Management 52