Remove Ancillary Revenue Remove Construction Remove Consumer
article thumbnail

Hotel costs: How to reduce expenses and boost revenue

SiteMinder

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business.  The three main types are construction costs, insurance costs, and operating costs.  What are hotel costs?

article thumbnail

Wellness Residential growth lessons for hotels from THE WELL Founders

eHotelier

Whether in the guestroom, residence, spa, fitness center, restaurant, pool or on demand, adding wellness features can augment nightly rates or ancillary revenues 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

International gains spark Wyndham’s Q3 RevPAR growth

Hotel Business

“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 ancillary revenues,” said Geoff Ballotti, president/CEO. “We which increased 10% YOY.

article thumbnail

Hotel loyalty programs transform into sophisticated platforms

Hotelier Magazine

“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 ancillary revenue solutions for the global travel industry.

article thumbnail

Hospitality Horizons 2024: Navigating the Top Trends

eZee Absolute

Hotels are increasingly switching to eco-friendly materials and practices in construction, room amenities, and daily operations. These certifications not only enhance the eco-friendly image of your hotel but also appeal to the growing segment of conscious consumers. But you must remember that greenwashing in hotels is an evil act.