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Elevate Your Ancillary Revenue with These 5 Proven Strategies

Hospitality Net

With 40% of Americans saying they plan to travel even more in 20241, there is a massive opportunity for hotel owners and operators to drive even more revenue by leveraging ancillary offerings. By now, you’re likely familiar with the concept of ancillary revenue in the hotel industry — it’s not just about selling products.

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Strategies for Ancillary Revenue Success in Hotels

eZee Absolute

Well, here’s a trick called “ancillary revenue.” To put it in simple words, ancillary revenue or additional revenue is like a bonus income that hotels can earn from things besides just renting rooms. That’s exactly what ancillary revenue is all about.

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Hoteliers Generate More Than €100,000 in ancillary Revenue by Upselling Their Parking Spaces via Mews PMS

Hospitality Net

[20 October, London] Mews, the industry-leading hospitality cloud, announced today its automated space management feature within its PMS to help hotels diversify their revenue streams and increase profit.

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Ancillary revenue: Guide and examples for hotels

SiteMinder

What is ancillary revenue? Ancillary revenue is when you earn income from additional services or products offered at your hotel. By offering these added touches, you’re not just boosting your revenue; you’re creating memorable experiences that make your hotel stand out. Think of it as the cherry on top.

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Hotel Spas Fill In Revenue Void During Recession

Hospitality Net

As of year-end 2022, the average hotel in CBRE’s Trends® in the Hotel Industry survey sample had surpassed its 2018 total revenue figure by 1.5%. The improvement was largely due to continued improvement in average daily rate and revenue from other sources. One of these ancillary revenue sources was spa services.

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Hotel revenue managers prioritize ancillary revenues

Hospitality Today

Considering that RevPAR is currently below levels from 2019, hotels should prioritize maximizing ancillary revenue streams

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InnSpire Partnership with RealTime Reservation Empowers Hotel Guests With Seamless Control of Their Property-Wide Stay Experience

Hospitality Net

InnSpire, the leading provider of innovative hospitality technology solutions that help drive seamless, world-class guest experiences for some of the world’s most iconic hotels and brands, has announced a strategic partnership with RealTime Reservation (RTR), a centralized inventory control and management platform that assists hotels in maximizing (..)