eHotelier

NOVEMBER 19, 2023

7 last-minute ideas to sell vouchers this holiday season - Insights Here are some swift strategies and tips on how you can offer vouchers to drive ancillary revenue.

Ancillary Revenue 119

Ancillary Revenue Revenue Market Marketing 119

STAAH

JANUARY 16, 2024

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. In this blog, we share some simple tactics and ideas that can boost your hotel’s revenue. Here are 10 strategies: 1. Here are 10 strategies: 1. Optimise ancillary revenue. Switch to dynamic pricing.

Revenue 84

Revenue Ancillary Revenue Revenue Management Hotels 84

Mews

JULY 11, 2023

A question on every hotelier's mind: how to generate more revenue in a hotel. While there's no tried and tested solution, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue, upselling, and other marketing strategies.

Ancillary Revenue 52

Ancillary Revenue Revenue Upsell Marketing Strategy 52

Hotel Speak

FEBRUARY 1, 2024

The annual Duetto Revenue Management Trends & Predictions Survey results are in! There was also continued investment in technology, This year, we take a closer look at how that group business might be revenue optimized, as well as identify the channel management tactics hotels are planning to invest effort in for 2024.

Revenue Management 96

Revenue Management Revenue Management Forecasting 96

SiteMinder

AUGUST 29, 2023

What is ancillary revenue? Ancillary revenue is when you earn income from additional services or products offered at your hotel. By offering these added touches, you’re not just boosting your revenue; you’re creating memorable experiences that make your hotel stand out. Think of it as the cherry on top.

Ancillary Revenue 52

Ancillary Revenue Revenue Hotels Services 52

Little Hotelier

OCTOBER 17, 2023

What is hotel revenue? Hotel revenue is the income your business earns from selling rooms or other products and services to guests. While revenue is mostly generated from selling your rooms, you can also collect revenue from your amenities such as a bar, restaurant, gym, or spa.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Amadeus Hospitality

APRIL 21, 2023

The hotel had developed a growth strategy that included converting more website visitors into bookers and driving additional ancillary revenue – selling more experiences and product enhancements – on the Handlery website.

Ancillary Revenue 52

Ancillary Revenue Revenue Occupancy Hotels 52

Fuel Travel

MARCH 28, 2024

Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line.

Revenue 90

Revenue Average Daily Rate Occupancy Digital Marketing 90

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Hotel Business

DECEMBER 12, 2022

Hotels are generating better revenue. Revenue per available room (RevPAR) this year is up 46% compared to 2021. Going forward, it will be imperative that hotels use data to inform their marketing and commerce strategy to ensure they remain competitive and maximize revenue despite uncertain economic times.”.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Hotel Business

MARCH 6, 2024

Arigo, who brings 35 years of industry experience to LuxUrban, will be primarily responsible for the day-to-day operations of the company’s hotel portfolio, with a focus on enhancing property-level operations, optimizing supply chain relationships, elevating the customer experience and pursuing ancillary revenue opportunities across the portfolio.

Ancillary Revenue 64

Ancillary Revenue Revenue Management Hotels Revenue 64

Hotel Business

JUNE 27, 2023

by Joshua Miller Optimizing revenue streams and uncovering new ones in the competitive hotel industry is crucial for success. In this article, we will explore the concept of RevPAS (revenue per available space) and share proven strategies we implement for our partners to develop parking as a significant source of revenue.

Revenue 59

Revenue Hotels KPI Revenue Management 59

Hotel Business

FEBRUARY 15, 2024

We are tremendously proud to report fourth-quarter results that demonstrate the continued success of our global strategy and our accelerating momentum,” said Geoff Ballotti, president/CEO. We are confident in the continued effectiveness of our growth strategy and see exceptional value-creation opportunities in the years ahead.”

Pipeline 72

Pipeline Revenue Market Marketing 72

SiteMinder

SEPTEMBER 10, 2023

It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services. This should include room occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and customer acquisition costs. Why is a hotel budget important?

Revenue Management 59

Revenue Management Revenue Hotels Average Daily Rate 59

STAAH

NOVEMBER 14, 2023

Let’s dive into the sleigh of swift strategies and tips on how you can offer vouchers to drive ancillary revenue: 1) Personalized Holiday Cheer: Send to your past customers with a festive email, blending warm holiday wishes with exclusive vouchers.

Ancillary Revenue 81

Ancillary Revenue Sales Business Revenue 81

Catala Consulting

NOVEMBER 18, 2023

Introduction This new focus acknowledges that while revenue is crucial, it is the profitability that ultimately determines a hotel’s financial health and success. This strategy worked well in a stable market, but it lacked the flexibility and depth needed to navigate the complex and dynamic nature of today’s hospitality industry.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

Hotel Operations

JULY 21, 2023

This episode is sponsored by MDO and their new report, Data-driven Strategies to Move Beyond Rooms Revenue. The availability of data has grown so much that today, hoteliers can look more holistically at all the revenue outlets across their property and determine which areas are contributing the most to the bottom line.

Resorts 52

Resorts Revenue Revenue Management Business 52

Hotel Business

NOVEMBER 15, 2022

Most recently he served as president/COO of Blackstone Real Estate (BRE) Hotel & Resorts, where he led asset management, revenue and e-commerce, capital deployment and all operations for BRE Hotels & Resorts, encompassing most of Blackstone’s hotel investments.

Real Estate 59

Real Estate ROI Operations Forecasting 59

Hotel Business

NOVEMBER 9, 2022

JLL’s Hotels & Hospitality Group ’s second-annual Hotels Global Asset Management Report highlights four recommendations for hotel owners when planning their 2023 budgets: Transform labor strategy to attract and retain top talent. Understand the evolving nature of lodging demand and intentionally drive ancillary revenue to optimize profit.

Ancillary Revenue 52

Ancillary Revenue Operations Intent Market Share 52

Hotelogix

JANUARY 27, 2024

Customer management: The POS system collects guest data and transaction details to help build strong customer relationships, influence marketing strategies, and personalize guest experiences.  It further aids in tracking revenue points as it gives a complete picture of sales from various revenue sources.

Hotels 59

Hotels Sales Shopping Management 59

Lure Agency

MARCH 24, 2023

It consists of remote employees or executives from one or more companies who devote time to discuss their business strategies, work on projects, or brainstorm ideas for future growth — all without traveling for an extended period. With the right strategies, hotels can become essential to the remote and hybrid work movement.

Ancillary Revenue 116

Ancillary Revenue Hiring Hotels Business 116

Hotel Business

OCTOBER 26, 2023

We remain focused on our growth strategy, which includes continued system expansion through our ECHO Suites by Wyndham brand and further improvements in franchisee retention, as well as the multiyear benefit expected from the U.S. infrastructure bill. System size The company’s global system grew 3%, reflecting 1% growth in the U.S.

Pipeline 64

Pipeline Market Share Revenue Branding 64

Amadeus Hospitality

SEPTEMBER 6, 2023

The rising need for personalization is a powerful indication that staying competitive in the hospitality industry will require new strategies to elevate the guest experience and grow revenue potential. 5. Communicate with the guest pre- and post-stay Direct bookings are particularly helpful to a hotel’s personalization strategy.

Average Daily Rate 52

Average Daily Rate Global Distribution System Hotels Revenue 52

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Amadeus Hospitality

OCTOBER 19, 2023

The Solutions FALL 2019 – As the property became independent, its new owners realized they had to establish a completely new Central Reservation System (CRS), building a new integration with the property’s PMS, and a compelling digital media strategy to help drive revenue. All data provided is from iHotelier Analytics.

Resorts 59

Resorts Branding Ancillary Revenue Revenue 59

Travelboom Marketing

NOVEMBER 7, 2023

Rather, you need to ensure your efforts here are driving meaningful engagement , traffic, (and revenue). Does your CRM employ feature AI, retargeting, and personalization strategies to improve performance? From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel.

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

Cloudbeds

MARCH 8, 2024

Multiple revenue streams and expenses Your hotel is not a one-trick pony. Understanding how to efficiently manage and process multiple revenue streams and expenses and how these lead to overall profitability unlocks growth potential. Here are a few essential things to consider when it comes to accounting in the hotel industry.

Forecasting 52

Forecasting Revenue Hotels Revenue Management 52

Skift Blog

NOVEMBER 28, 2023

Skift Take: Ancillaries are increasingly essential to the financial health and resilience of airlines. Sabre’s new Upgrade IQ product uses artificial intelligence (AI) and machine learning (ML) to optimize airlines’ premium cabin inventory and unlock incremental revenue. Sabre Read the Complete Story On Skift

Ancillary Revenue 297

Ancillary Revenue Revenue Retail Revenue Management 297

Travelboom Marketing

SEPTEMBER 1, 2023

Revenue Maximization: With any direct booking, a hotel will have the potential to drive both primary and ancillary revenue during and after the booking. A rewards program collects data as soon as a user signs up, allowing for deeper personalization on your website, emails and more.

Ancillary Revenue 52

Ancillary Revenue Upsell Hotels Travel 52

Skift Blog

MARCH 26, 2023

Skift Take: Every commentary on hotel performance refers to revenue per available room as a key industry metric — RevPAR. Yet non-room revenue from cafes, co-working, spas, and events is growing in importance. Hoteliers should focus more on overall earnings per square meter. Sean O'Neill Read the Complete Story On Skift

Revenue 244

Revenue Events Hotels Ancillary Revenue 244

Hotelier Magazine

JANUARY 24, 2024

While rudimentary by today’s standards, these early programs laid the foundation for a new era in customer-retention strategies. The initial goal was straightforward — entice guests to return by rewarding points for each stay, which could then be redeemed for free rooms or airfares.

Ancillary Revenue 59

Ancillary Revenue Hotels Consumer Business 59

Xotels

MAY 27, 2022

Package strategies. However, it enables establishments to keep all services consistently on brand, guarantees customer experience control, and can generate more avenues for revenue. This sort of market feedback can direct a property´s strategy by creating all-new experiential packages for families. . Health and wellbeing.

Hospitality 52

Hospitality Business Market Marketing 52

Boutique Hotel News

DECEMBER 20, 2022

Platforms such as Facebook, Instagram and TikTok have rolled out eCommerce strategies including live shopping, product tags and links, to make the shopping experience simple and convenient. Deploying the right technology is integral for a robust eCommerce strategy. percentage points. CRM spotlight.

Travel 124

Travel Hotels Branding Real Estate 124

Mews

FEBRUARY 22, 2023

We can set rates according to clever algorithms, which do the work of a thousand revenue managers. Digital nomads are likely to consume more in the hotel, boosting ancillary revenue. With tablet-based or cloud-based PMS systems , we can use the reception area for something more homely and welcoming rather than a stuffy desk.

Hospitality 52

Hospitality Ancillary Revenue Services Travel 52

Hotel Speak

JULY 4, 2023

They should consider pricing every aspect of their property and services to maximize revenue opportunities, even offering unique experiences like hosting morning yoga sessions in the gym if desired by the group. To meet the evolving demands of event planners, hotels must explore different formats and models for their programs.

Travel 52

Travel Business Events Services 52

Xotels

SEPTEMBER 22, 2022

With the recent proliferation of new travel super apps, distribution Goliaths such as Google and Expedia updating their ranking algorithms at a frantic pace, and the seemingly unstoppable growth of metasearch engine traffic, building and executing an effective hotel marketing strategy can seem intimidating. Social media. Advertisement.

Hotel Marketing 40

Hotel Marketing Market Marketing OTA 40