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7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

By combining information from different sources, revenue managers can visualize the entire customer journey, customizing pricing and promotions for different channels and groups. Ancillary Revenue Management Pricing In addition to room revenue, ancillary revenue streams play a crucial role in boosting overall profitability.

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How decision intelligence unlocks hotel data for better insights

Cloudbeds

A decision intelligence model powered by causal AI might reveal, for example, that during high season, offering a last-minute discount on unusually hot days (either through reduced rates or free amenities) attracts more local bookings, filling additional rooms and driving higher ancillary revenue.

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In times of uncertainty, hotels have a reason to lean in

SiteMinder

Consumer uncertainty triggered by trade tensions – compounded by a global rise in costs of living, political tensions and stricter travel advisories – may be weighing slightly on hotel demand at the moment. Much of this is being buoyed by a continuation of consumer prioritisation of travel.” “You just saw a kind of trickle down.

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Embracing the Future: Technology’s Pivotal Role in Hotel Reservations

Amadeus Hospitality

Staying competitive with innovative merchandising strategies The best CRSs on the market are as efficient as today’s leading e-commerce giants – providing a fast, seamless shop and book experience that consumers love. They’re also looking into options for cart abandonment offers and location-based special offers to increase bookings.

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Airbnb expands its reach—will hotels keep up?

Hospitality Today

While some hotel executives appear unfazed, seeing operational challenges in Airbnb’s model, others warn the hospitality industry risks missing out on loyalty-building and ancillary revenue opportunities. Those that do often aim to tap into Airbnb-exclusive customer segments. Olympics 2028. weve got you covered.

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Top 10 Revenue Management Tools: The Ultimate Revenue Toolkit

Xotels

Luckily, from our experience as a revenue management consulting company, we’ve learned many tools that will simplify your life, help cut-out time-consuming tasks, and also enable you to open new streams of revenue! What Are Revenue Management Tools? And not just from your hotel rooms?

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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 Diluted earnings per share was $1.29