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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?

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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.

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Midyear Outlook: Despite challenging first half, experts highlight opportunities

Hotel Business

“Our focus on profit per reservation is higher than it has ever been, distribution channel management is critical, as well as bundling to drive ancillary revenues and pricing for perceived value to the guest versus a solely demand-based pricing model,” he added. “On the other hand, U.S.

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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. Additionally, advanced revenue management systems enable dynamic pricing strategies, optimising revenue in real-time. Here are sustainable hotel practices that you can adopt at your property!