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Strategies for Ancillary Revenue Success in Hotels

eZee Absolute

Ever thought about how hotels can pocket some extra cash beyond just renting out rooms? Well, here’s a trick called “ancillary revenue.” ” It is when a hotel offers additional services or packages to enhance a guest’s stay. Curious about how you can tap into this for your hotel?

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How To Create the Perfect Hotel Marketing Budget

Travelboom Marketing

As we enter the fourth quarter of the year, hotel marketers should outline their goals for 2024. We’ve assembled a complete checklist of everything you need to create your 2024 hotel marketing budget. From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel.

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Survey Results: Revenue Management Trends & Predictions for 2024

Hotel Speak

The top six trends identified by our survey respondents are: Profitability Automation Integrated Systems TrevPAR Ancillary revenue Artificial intelligence Revenue Management More Important Than Ever The revenue management discipline in hotels continues to grow in importance, with respondents ranking it 4.8

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Hotel Revenue Management Strategies

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Questioning when and where your demand will come, who will be booking at your property, which hotels will you have to compete, and identifying challenging periods or seasons are important to manage expectations.

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Hotel profit margin: Guide to hotel profitability

SiteMinder

Margins at hotels and other accommodation properties can be manipulated in a number of ways, from reducing expenses to increasing revenue in specific areas to contribute to better overall finances. Increase ancillary revenue Ancillary revenue can be a huge bonus on top of your room revenue.

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8 Ways Hotel Mobile Check-out Solutions Benefit Guests & Hotels

Fuel Travel

Increase revenue Increase revenue overall by cutting costs (staff, paper, resources) and improving ancillary revenue! You’ll gain revenue from services staff who are too busy to book and from services desk-shy younger travelers who are unlikely to book in person.

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Sojern acquires VenueLytics

Hotel Business

Posadas Director of Quality, Standards and Innovation Leslie Gomez, commented, “By using VenueLytics AI Concierge throughout the guest journey, Posadas has increased Ancillary Revenue with more than 53,000 requests over the last 9 months.