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7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

Let’s delve into some of the key trends shaping the future of revenue management in the hotel industry: 1. Hotel Revenue Management using Omnichannel Data In today’s interconnected world, harnessing omnichannel data is essential for optimizing revenue management strategies.

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How Hotel Reception Staff Influence Revenue Management

Catala Consulting

However, an often overlooked element in this equation is the role of hotel reception staff. This blog post explores how hotel reception staff influence revenue management and why their role is pivotal in the overall financial health of a hotel.

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Hotel promotions: Ideas to boost bookings

SiteMinder

What are hotel promotions? Hotel promotions are tailored offers aimed at attracting guests and enhancing bookings. Table of contents Why should hotels offer booking promotions? Not only that, but they may spread the word to other potential guests, earning your hotel powerful social proof. Valentine’s Day or Christmas).

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Strategies for Ancillary Revenue Success in Hotels

eZee Absolute

Ever thought about how hotels can pocket some extra cash beyond just renting out rooms? ” It is when a hotel offers additional services or packages to enhance a guest’s stay. These supplementary offerings not only open the door to additional income for the hotel but also give guests that extra touch of luxury.

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Chatrium Hotels & Residences “revolutionise” operations and find success with SiteMinder

SiteMinder

Chatrium Hotels & Residences is a Thai hotel group born from a passion to distinctively mark the next chapter in the Asian hospitality experience. With eight hotels across the portfolio, guests throughout Thailand will have everything they need.

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Late bookings: Guide to last minute bookings for hotels

SiteMinder

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. However, they do require a level of agility and real-time responsiveness from the hotel’s end to ensure a seamless guest experience. Many hotels are still operating on an inventory allocation model.

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Hotel VAT and sales tax rates: Updated guide for hotels

Little Hotelier

What is hotel VAT? Hotel VAT is a specific form of ‘value added tax’ that is levied on the price a guest pays for hotel stays and services. The rate and application of VAT on hotel rooms varies by country and even region. Do you pay VAT on hotel rooms as a hotel owner? Learn more Why do hotels use VAT?

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