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Ancillaryrevenues increased 19% compared to second quarter 2024 and 13% on a year-to date basis. With consistent development, royalty rate and ancillary fee growth, we remain very confident in our ability to create long-term value for our shareholders, franchisees, and team members through the enduring appeal of our iconic brands.”
Solid occupancy isnt enough anymore. While occupancy is still a core metric, relying on it too heavily can leave your property management business vulnerable to seasonal swings, economic uncertainty, and a volatile demand environment. Ancillaryrevenue to the rescue! Markets are saturated. Competition is fierce.
I was fortunate enough to come and work with Will and Henry Ashworth at Watergate Bay , as they were working to develop a lifestyle brand; probably the first lifestyle hotel for Cornwall at the time. Judi: We budget for ancillaryrevenue to be 40% of overall revenue, and I only see that growing as we continue to develop our guest experience.
year-over-year net increase in our more revenue-intense domestic rooms portfolio, a testament to the success of our growth strategy,” said Patrick Pacious, president/CEO, Choice. and occupancy levels increased by 80 basis points for fourth-quarter 2024, compared to the same period of 2023. Domestic ADR grew by 3.1%
The report highlights that hoteliers view increasing occupancy and improving operational efficiencies as key priorities, with 85% of hoteliers anticipating that personalization could help deliver over 5% in incremental revenue. decision-makers planning to invest in technology within the year.
âWhy This Rateâ puts an end to that and allows independent hoteliers to compete with larger hotel brands. HCN offers similar opportunities via its programmatic ad platform for brands wishing to connect with affluent traveling consumers who spend up to 3.5 waking hours in the hotel room. waking hours in the hotel room.
This collaboration enables hotels using Infor HMS to drive incremental revenue and elevate guest personalization by seamlessly integrating Plusgradeâs proven upsell technology into the core guest journey. âTogether, weâre bringing ancillaryrevenue into the digital core of hotel operations â where it belongs. Brands Yum!
Hotels can configure the solution at the chain, brand, or property level for brand consistency and control. Managed through a single unified inbox, hotels can streamline communications, ensure a consistent brand voice, and gain insights into guest sentiment and trends. âA year ago, we announced that SynXis Concierge.AI
Role Based Access Control (RBAC) that enables brands to confidently delegate responsibilities without compromising security or visibility. Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillaryrevenue and guest personalization by simplifying how hotels sell and fulfill packages.
Satisfying even the most scrutinised colour branding, the new series is impossible to ignore, bringing more engaging, immersive experiences to any space. The result is a fully integrated platform that empowers operators to streamline operations, drive revenue, and elevate the guest experience from pre-arrival through the on-property journey.
âThe name âHotel Internet Servicesâ has been a successful brand, but no longer captures who weâve become or where weâre going,â said Gary Patrick, CEO of Touchstone1. Brands Yum! Brands, Inc. By adopting Lybra Assistant, hotels can save up to 1,000 hours of manual work per year. Turner has served as Yum!
The travel and hospitality sector, in particular, has recalibrated its outlook for the year, with some global hotel brands lowering their RevPAR guidance as they navigate the current climate with a mix of caution and quiet confidence. If you offer different experiences throughout the day, it can add extra revenue to your business,” he says.
These devices use advanced sensors and AI to monitor temperature, humidity, air quality, light, barometric pressure, and occupancy â including pets or sleeping guests. Role Based Access Control (RBAC) that enables brands to confidently delegate responsibilities without compromising security or visibility.
Role Based Access Control (RBAC) that enables brands to confidently delegate responsibilities without compromising security or visibility. Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillaryrevenue and guest personalization by simplifying how hotels sell and fulfill packages.
By surfacing in-stay feedback in real time within the PMS, hotel staff can take immediate action on service issues, enhancing operational efficiency and delivering a more seamless, personalized guest experience across both branded and independent hotels. âProvisioning can be done remotely, even from the hallway,â said Benner.
Advertising and Monetization Programs Benefit Owners and Brands In addition to the launch of the Pro:Centric+ platform and the first third-party service integrations at HITEC, LG is highlighting a range of advertising and monetization programs that can benefit hotel owners and brands, including Client-Side Ad Insertion, Banner Ads, and LG Channels.
Pop-up and add-on rentals are captured and tracked, increasing ancillaryrevenue without adding headcount. The partnership brings VoicePlugs advanced conversational AI solutions to flagship brands including Super Duper Burgers, with plans to extend across the entire Back of the House portfolio.
Ancillaryrevenues increased 6% compared to second quarter 2023. RevPAR results were driven by growth of 90 basis points in occupancy, partially offset by a decline of 50 basis points in ADR. economy brands. APAC occupancy declined 7% and ADR declined 5%. which represented an increase of 33% year-over-year.
Wyndham Hotels & Resorts , for the first quarter ended March 31, reported that global RevPAR grew 1% in constant currency and ancillaryrevenues grew 8% compared to the first quarter of 2023. The company’s development pipeline consists of nearly 2,000 hotels and approximately 243,000 rooms, an all-time record for the latter.
There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillaryrevenue , upselling and other marketing strategies. Optimise ancillaryrevenue. Here are 10 strategies: 1. It is great to be fully booked.
“Our teams around the world once again delivered exceptional results, executing our long-term growth strategy and achieving 7% growth in comparable adjusted EBITDA fueled by continued system expansion, higher royalty rates and growth in our ancillaryrevenues,” said Geoff Ballotti, president/CEO. “We Diluted earnings per share was $1.29
Co-founder Suzanne Mahoney explains: “Opportunities to experience physical products are shrinking as shopping moves online – but the hospitality industry offers huge potential for brands to tell their stories and reach their consumers… It’s the ultimate ‘try before you buy’ model”. percentage points.
Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Ultimately, prioritising achieving a fair share of direct sales empowers hotels to establish stronger control over guest data to increase profitability, and maintain autonomy over their brand image and customer experience.
Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Here are some key points to cover in your business description: Hotel name and brand: Establish your hotel’s identity and branding. based on your projected occupancy and service levels.
Optimizing ancillaryrevenue streams: To diversify your revenue sources, consider enhancing offerings in food and beverage, spa services, and event hosting. It helps in brand building and loyalty creation. Invest in guest-facing mobile apps to offer them contactless services across their association with your brand.
While revenue management is more focused on a hotel’s pricing and availability to maximize revenue, revenue optimization takes a broader approach to include a full range of revenue sources that includes food and beverage, spa services, events, classes, and other ancillaryrevenues.
Emerging competitors OTA and brand loyalty programs Poor culture Economic downturn Negative reviews Press coverage Creating a hotel SWOT analysis will provide valuable insights into your brand’s competitive position. Maximize your spend within brand campaigns to reduce OTA commissions, first. Don’t skip this step!
It’s clear that OTAs, as well as major hotel brands are putting significant resources behind creating the best hotel rewards program possible. Increase RevPAR & Occupancy with a Hotel Loyalty Program With a goal of maximizing both occupancy AND RevPar, driving direct bookings with the help of a hotel loyalty program is a must.
LEARN MORE CONTACT US LEARN MORE CONTACT US Real-World Example A hotel in a popular tourist destination noticed that their occupancy dropped significantly during the shoulder season. As a result, their occupancy increased by 20% during the shoulder season, and their overall revenue grew by 15%. It’s a win-win!
Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? This dynamic demand necessitates adaptive revenue management practices. Learn more about how to generate ancillaryrevenue in your hotel or resort. Protect YOUR Brand!
LEARN MORE CONTACT US LEARN MORE CONTACT US Real-World Example A hotel in a popular tourist destination noticed that their occupancy dropped significantly during the shoulder season. As a result, their occupancy increased by 20% during the shoulder season, and their overall revenue grew by 15%. It’s a win-win!
LEARN MORE CONTACT US LEARN MORE CONTACT US Real-World Example A hotel in a popular tourist destination noticed that their occupancy dropped significantly during the shoulder season. As a result, their occupancy increased by 20% during the shoulder season, and their overall revenue grew by 15%. It’s a win-win!
Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Ultimately, prioritising achieving a fair share of direct sales empowers hotels to establish stronger control over guest data to increase profitability, and maintain autonomy over their brand image and customer experience.
Although hotels can 一 and should 一 diversify their income streams and realize the potential of ancillaryrevenue, distribution remains the cornerstone of hotel profitability and success. While PPC is generally more cost-effective, PPM is better for raising brand awareness.
This approach can lead to the creation of fresh revenue streams, heightened competitiveness, and a renewed brand appeal. The perfect opportunity to turn costly floor space into revenue-generating assets. This can lead to the following benefits: Reduced marketing costs (more reliance on organic referrals vs. paid advertising).
“Hoteliers today are seeing a direct impact of revenue management systems on optimizing price and increasing Net Operating Income and the total incremental value created for hotel assets,” shared Mike Chuma, VP of Marketing, Engagement & Enablement at IDeaS. A need to focus on profitability Driving top-line revenue isn’t enough.
Our teams focus on expanding into higher FeePAR markets, growing our extended-stay footprint and unlocking new ancillaryrevenue streams underscore the diverse growth opportunities inherent in our asset-light, resilient business model.
The company continued to see strong performance in its EMEA and Latin America regions, with YOY growth of 6% and 25%, respectively, reflecting robust pricing power, partially offset by modest occupancy declines. In China, demand remained steady but RevPAR declined 8% YOY reflecting continued pricing pressure.
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