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This means identifying and testing which opportunities bring the most revenue to your hotel, or have the highest potential to bring in new business. Setting clear expectations and priorities will help guide you through this process and is one of the most important revenue management tips we always advise to elevate your revenue game.
Everything we do must connect to them’ helped to transform your guests experience and your approach to revenue generation? Judi: Well, I’ve come to that philosophy, not through a strategic revenue management approach, but because of who we are as a business. That gave us what we wanted; a single guest view.
Hotel Business has compiled a roundup of some of them. LG debuts Pro:Centric+ LG Electronics has introduced Pro:Centric+, the next generation of its Pro:Centric hotel TV platform that turns in-room displays into powerful business tools. At HITEC 2025 in Indianapolis, new products were showcased and new partnerships were formed.
. “In 2024, we also successfully relaunched four brands, substantially expanded our partnerships business, significantly increased our international footprint, achieved record organic rewards program growth and unlocked new value through additional ancillaryrevenue opportunities.
Shannon McCallum, VP, hotel operations, Resorts World Las Vegas; Andrew Pirret, SVP, product, Alliants; Ceridwyn King, professor, Purdue University; and Andy Todd, VP, digital guest experience & hotel enablement, IHG Hotels & Resorts. Location: Wabash Ballroom The exhibition hall is open from 10:00 a.m. to 3:00 p.m.
6/17/2025 HITEC 2025: HCN Offers Magazines to Leading Hotels and Resorts for Guests Hotel Communication Network (HCN) continues to evolve its hotel guest experiences by offering access to a catalog of global magazine brands free of charge to leading hotels and resorts via its AI Concierge ad-supported tablet platform.
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! A saturated market calls for a creative approach to how you do business.
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.
We certainly felt the impact, especially going into March,” says Christopher Ellison, Vice President of Revenue at Brittain Resorts and Hotels, a full-service hospitality management company based in the Southeast region. If you offer different experiences throughout the day, it can add extra revenue to your business,” he says.
Social Connect: Enables AI-powered guest engagement across popular social platforms including Facebook, Instagram, Messenger, and WhatsApp Business. Custom Connectivity for Every Tier The RUCKUS hospitality solutions work together seamlessly, allowing businesses to pick and choose the right combination for their specific needs.
Custom Connectivity for Every Tier The RUCKUS hospitality solutions work together seamlessly, allowing businesses to pick and choose the right combination for their specific needs. MJH is aligning its tech strategy and business ambition to build a better foundation for the future. announced the launch of Agilysys Book with S.P.E.N.D.
â 6/15/2025 HITEC 2025: UrVenue Launches UrResort UrVenue launches UrResort , its newest product developed in response to the growing demand from hotels and resorts for a more tailored solution. UrResort brings together a connected suite of solutions designed to help resort operators centralize and commercialize non-room inventory at scale.
Custom Connectivity for Every Tier The RUCKUS hospitality solutions work together seamlessly, allowing businesses to pick and choose the right combination for their specific needs. MJH is aligning its tech strategy and business ambition to build a better foundation for the future. announced the launch of Agilysys Book with S.P.E.N.D.
What Are Revenue Management Tools? Business Intelligence & Reporting Dashboards How to handle all of that data of your hotel? Business intelligence dashboards pull from multiple sources, giving you concise, actionable information on revenue trends, booking patterns, and guest behaviorsin one place.
Custom Connectivity for Every Tier The RUCKUS hospitality solutions work together seamlessly, allowing businesses to pick and choose the right combination for their specific needs. OPERA Cloud is a composable, unified hospitality platform that enables hotels, resorts, and casinos to streamline operations and drive growth.
Whether in the guestroom, residence, spa, fitness center, restaurant, pool or on demand, adding wellness features can augment nightly rates or ancillaryrevenues for hotels as well as unit price per square foot for apartments or houses. It’s a societal shift with profound implications on hotel and multifamily development.
It means optimizing across transient, group and events, and connecting F&B, meeting and ancillary services into one single revenue strategy. Look for more on Duetto’s RP-OS in the July issue of Hotel Business. tablet to staff. Nomadix expands gateway series with EG 5K Nomadix Inc. Agilysys Inc.
The program is rolling out at hotels across North America and is already helping hoteliers generate significant ancillaryrevenue annually, the company reports. To leverage the trend, hotels that prioritize clean, fresh air can drive higher guest loyalty, positive reviews and increased revenue. Early results indicate that U.S.
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. and the direct franchising business in China, which grew 3% and 13%, respectively. and 8% internationally.
In the fiercely competitive hospitality industry, the essence of successful resortrevenue 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?
Originally published on Hospitality Net By Michael Yeomans, Senior Vice President, Business Intelligence & Data Solutions Amadeus In the ever-evolving hospitality industry, the use of business intelligence is becoming increasingly important. These are issues that can be significantly improved upon with the right technology.
Wyndham Hotels & Resorts reported its second quarter results, including growing its development pipeline by 7% and system size by 4% in the period. Ancillaryrevenues increased 6% compared to second quarter 2023. Other highlights include: Opened more than 18,000 rooms globally, including over 7,000 in the U.S.,
Working Collaborative Group Gatherings: A New Segment is Being Defined for Hotels The concept of a hybrid workstyle is revolutionizing businesses and salespeople. While offering a virtual or hybrid model has shown to be good for business, what companies are missing are those impromptu “water cooler chats.”
Méndez, Director of Sales & Marketing, El Conquistador Resort: “Our partnership with Amadeus has allowed us to not only survive but to thrive at the end of a challenging period including closure due to a hurricane, a worldwide pandemic, and, most importantly, a shift from branded to independent status.
Tock, a reservation, experiences and events platform for the hospitality industry, has partnered with Curator Hotel & Resort Collection. As Curator’s newest platform partner, Tock will empower member hotels and resorts to streamline their operations, drive ancillaryrevenue and elevate guest experiences all on one system.
Wyndham Hotels & Resorts , for the three months ended Sept. which increased 10% YOY Development pipeline grew 1% sequentially and 5% YOY to a record 248,000 rooms Ancillaryrevenues increased 8% compared to third-quarter 2023. and 7% growth internationally. Diluted earnings per share was $1.29 compared to $1.21
Whether you accept transient or group business to your hotel is more than just a revenue management question. And it depends on how you want to run your business. When I worked as a revenue manager in Vancouver, that was my strategy. You thought it was going to be busy. It’s also a risk management question.
Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? In our article about What is Revenue Management and in our Free Revenue Management Book for Hotels we have explained everything in detail about what the concept of revenue management is all about.
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 ancillaryrevenue opportunities across the portfolio.
Let´s explore the following topics & trends that are shaping the (current) hotel industry landscape: Can’t Forget the Basics What are the trends in revenue management in 2024 Distribution: Fishing Where the Fish Are Outsourcing To AI or Not to AI? But try to dive a bit deeper into what´s driving those figures. To AI or Not to AI?
Let´s explore the following topics & trends that are shaping the (current) hotel industry landscape: Can’t Forget the Basics What are the trends in revenue management in 2024 Distribution: Fishing Where the Fish Are Outsourcing To AI or Not to AI? But try to dive a bit deeper into what´s driving those figures. To AI or Not to AI?
Wyndham Hotels & Resorts ‘ board of directors, following a comprehensive review with its outside financial and legal advisors, has unanimously determined the unsolicited exchange offer from Choice Hotels International Inc. to acquire all outstanding shares of Wyndham is not in the best interests of Wyndham and its shareholders.
“Loyalty programs need to respond to this growing desire among consumers for a more personalized experience or risk becoming irrelevant,” says Danielle Brown, Chief Marketing Officer at Montreal-based Plusgrade, a provider of ancillaryrevenue solutions for the global travel industry.
Some are price-sensitive leisure travelers, while others are business travelers with deeper pockets. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort.
Travel marketing platform Sojern has acquired VenueLytics , an integrated guest experience platform serving independent hotels, resorts, chains and casinos. One of VenueLytics key customers is Grupo Posadas , the largest hotel company in Mexico with more than 180 resorts and hotels.
Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? In our article about What is Revenue Management and in our Free Revenue Management Book for Hotels we have explained everything in detail about what the concept of revenue management is all about.
Lockdown restrictions and global health concerns forced us to look at different ways of doing things – Zoom calls replaced business travel, working from home replaced the daily commute, and staying in became the new going out. Guests don’t want their business travel to interrupt their wellbeing routine.
Some are price-sensitive leisure travelers, while others are business travelers with deeper pockets. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort.
Some are price-sensitive leisure travelers, while others are business travelers with deeper pockets. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort.
In the meantime, a dedicated eCommerce platform for hotels and resorts, LiBi, launched earlier this year. A recent Knight Frank report supports this idea, revealing that ancillaryrevenues have increased in 2022 with the contribution to total revenue rising by 1.5 percentage points.
Hotel Business caught up with industry experts who shared with us all the data, trends, challenges and ways to manage the rest of this year. According to Erica Lipscomb, SVP, revenue strategy, Crescent Hotels & Resorts, leisure travel remains strong, although international inbound travel still hasn’t reached the levels seen in 2019.
Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? In short, a disciplined approach and thorough understanding of your property, its customers, and the market, it is key to driving the revenue success of your business.
Whether you manage a boutique inn or a luxury resort, these innovations will redefine hospitality. Revenue Management Systems (RMS) Dynamic pricing strategies Demand forecasting : Use data to predict busy periods. Goal setting and tracking : Keep an eye on progress towards business objectives. Let’s dive in!
Ancillary Services: Parking, laundry, minibar every single little revenue stream counts! learn more about how to optimise your AncillaryRevenue ). Revenue management is strategic. Its about leveraging data from all departments to make informed decisions that drive the highest possible total revenue and profit.
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