Remove Ancillary Revenue Remove Hotel Marketing Remove Upsell
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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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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. You can also increase your room revenue by adding value via packages, running promotions, and offering extras and upsells.

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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.

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How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

This can entice guests to book at a higher rate while also increasing your overall revenue. Don’t Forget About Upselling: Train your staff to upsell guests to higher room categories or add-on services. By mastering this art, you can unlock a whole new level of profitability for your hotel.

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What is Hotel Revenue Management?

Xotels

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Advance Sales: The hotel product, represented by rooms, can be sold in advance, enabling revenue managers to strategically plan and optimize occupancy levels over time.

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10 Smart Hotel Cost Control Ideas to Save Money

Hotel Speak

Get more feedback and turn it into actionable insights : hotels can send automated surveys and feedback forms to guests after their stay, helping to gather valuable feedback and insights into guest satisfaction, which can be used to improve the guest experience and drive loyalty.