Remove Ancillary Revenue Remove Cancellation Remove Upsell
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How decision intelligence unlocks hotel data for better insights

Cloudbeds

Consider booking patterns, cancellation rates, average length of stay, guest preferences for room amenities or dietary restrictions, website and app metrics, competitor rates, and market trends—the list goes on. DI can also be more proactive and suggest upsells tailored to guest profiles and booking patterns.

Upsell 105
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Hotel Revenue Management Strategies

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? This segmentation involves identifying the purpose of the trip, differentiating between business and leisure travellers, and analysing various trends to enhance revenue performance.

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Mastering The Art of Resort Revenue Management

Catala Consulting

Overbooking: Though counterintuitive, it helps mitigate revenue loss due to last-minute cancellations or no-shows. Capitalizing on Extra Services: Ancillary Revenue Management Beyond room rates, revenue generated from additional services or offerings – known as ancillary revenue – plays a critical role in enhancing profitability.

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Loyalty Programs for Hotels

Travelboom Marketing

Alternatively, less expensive room rates can be redeemed through more aggressive upselling. Considering offering an early check-in, and / or free cancellation to guests that book direct. A hotel loyalty program would amplify these opportunities to upsell. Higher rates can mean more on-site rewards for guests.

Hotels 52
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Top Revenue Management Strategies for Hotels

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? This segmentation involves identifying the purpose of the trip, differentiating between business and leisure travellers, and analysing various trends to enhance revenue performance.