Mews

JULY 11, 2023

A question on every hotelier's mind: how to generate more revenue in a hotel. While there's no tried and tested solution, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue, upselling, and other marketing strategies.

Ancillary Revenue 52

Ancillary Revenue Revenue Upsell Marketing Strategy 52

STAAH

JANUARY 16, 2024

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. In this blog, we share some simple tactics and ideas that can boost your hotel’s revenue. Optimise ancillary revenue. Dynamic pricing is a modern hotelier’s most effective strategy for revenue management.

Revenue 89

Revenue Ancillary Revenue Revenue Management Hotels 89

SiteMinder

JUNE 26, 2024

What is revenue optimization? Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. Table of contents Why is hotel revenue optimization important?

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

STAAH

DECEMBER 5, 2023

Diversifying your revenue means maximising its full potential and being prepared for the unexpected with a robust earning structure. Along with the many other things Covid taught us, it also taught hoteliers not to solely rely on room revenue as a source of income. Don’t lose sight of core ancillary revenue. for a cost.

Revenue 89

Revenue Ancillary Revenue Upsell Events 89

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotel Speak

FEBRUARY 1, 2024

The annual Duetto Revenue Management Trends & Predictions Survey results are in! After weeks of polling hoteliers from around the world, we can now deep-dive into the results and see what trends and predictions hotel teams are looking at for 2024. are currently using a revenue management system (RMS), up from 82.3%

Revenue Management 99

Revenue Management Revenue Management Forecasting 99

Hotel Business

OCTOBER 24, 2024

Wyndham Hotels & Resorts , for the three months ended Sept. which increased 10% YOY Development pipeline grew 1% sequentially and 5% YOY to a record 248,000 rooms Ancillary revenues increased 8% compared to third-quarter 2023. and 7% growth internationally. Key highlights include: 7% growth in the U.S. RevPAR In the U.S.,

Ancillary Revenue 59

Ancillary Revenue Pipeline Revenue Occupancy 59

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Read Also: What is Dynamic Pricing in Hotels?

Revenue 52

Revenue Management Upsell Target Marketing 52

Little Hotelier

OCTOBER 17, 2023

What is hotel revenue? Hotel revenue is the income your business earns from selling rooms or other products and services to guests. While revenue is mostly generated from selling your rooms, you can also collect revenue from your amenities such as a bar, restaurant, gym, or spa.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? It depends on the market. But running a hotel like that, your team is going to be stressed!

Revenue 62

Revenue Management Revenue Management Average Daily Rate 62

SiteMinder

JULY 29, 2024

What is hotel profit margin? Hotel profit margin is defined by the percentage of a hotel’s revenue remaining after subtracting all business expenses, including staff costs, maintenance, and marketing. It reflects a hotel’s financial health – the higher the margin, the more profitable the hotel.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management Hotels 52

Travelboom Marketing

NOVEMBER 7, 2023

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. We’ve assembled a complete checklist of everything you need to create your 2024 hotel marketing budget.

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Hotel Business

APRIL 25, 2024

Wyndham Hotels & Resorts , for the first quarter ended March 31, reported that global RevPAR grew 1% in constant currency and ancillary revenues grew 8% compared to the first quarter of 2023. Key highlights include: 15th consecutive quarter of sequential pipeline growth 5% growth in the U.S. compared to $0.77

Pipeline 105

Pipeline Ancillary Revenue Revenue Occupancy 105

Hotel Speak

AUGUST 13, 2024

Experience is everything in hotels today. And a Customer Relationship Management (CRM) system designed for hospitality has the power to make hotels stand out from the crowd. The right CRM helps hotels deliver that craved-for personalized experience, meeting the needs of each guest on their individual journey.

Ancillary Revenue 77

Ancillary Revenue Hotels Revenue Operations 77

Hotel Business

DECEMBER 12, 2022

Hotel management system provider RoomRaccoon has unveiled its annual global report, RoomRaccoon Report 2022, “A Year of Impact: What’s Next?” Hotels are generating better revenue. Revenue per available room (RevPAR) this year is up 46% compared to 2021. Domestic tourism is still going strong.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Hotel Business

MARCH 6, 2024

LuxUrban Hotels Inc. Robert is a highly accomplished, hands-on and seasoned hotel executive who adds depth and experience to LuxUrban at an important point in our growth,” said Brian Ferdinand, chairman/co-CEO, LuxUrban. Arigo joins LuxUrban from M&R Hotel Management, where he served as VP beginning in 2018.

Ancillary Revenue 64

Ancillary Revenue Revenue Management Hotels Revenue 64

Webrezpro

FEBRUARY 27, 2024

Creating, promoting, and stocking hotel merchandise is a significant undertaking for busy hoteliers. However, the potential payoff can be worth it. Travelers are always looking to take a piece of their destination home with them or for their loved ones.

Revenue 85

Revenue Branding Shopping Hotels 85

SiteMinder

SEPTEMBER 10, 2024

CPOR is a crucial metric in the hotel industry that helps measure the efficiency and profitability of a hotel’s operations. CPOR can be influenced by a number of factors and can often be a representation of how effective your revenue management and marketing strategies are. What are variable costs per occupied room?

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. As we look at the importance of forecasting for the hospitality industry, it’s interesting to note that it is also a major part of the science of hotel revenue management.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Fuel Travel

MARCH 28, 2023

The hospitality industry has witnessed a significant shift towards digitalization, leading hotels to adopt digital keys as a way of improving internal operations, reducing costs, increasing direct sales, and enhancing hotel guest satisfaction. For example, digital keys can be used to access a hotel’s gym, spa, or pool.

Ancillary Revenue 79

Ancillary Revenue ROI Revenue Hotels 79

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Fuel Travel

FEBRUARY 23, 2023

Contactless arrival and departures can seriously streamline hotel operations. Hotel mobile check out solutions let guests skip the front desk entirely. Self-service guest solutions are a win-win for hotels. Here are 8 reasons to consider a hotel mobile app to streamline guest departures.

Ancillary Revenue 55

Ancillary Revenue Hotels Revenue Services 55

Lure Agency

MARCH 24, 2023

Working Collaborative Group Gatherings: A New Segment is Being Defined for Hotels The concept of a hybrid workstyle is revolutionizing businesses and salespeople. What Working Collaborative Group Gatherings Means for Hotels What is it? Relationship Marketing Fills a Better Funnel Why should hotel salespeople care?

Hiring 116

Hiring Ancillary Revenue Hotels Business 116

Xotels

SEPTEMBER 22, 2022

With the recent proliferation of new travel super apps, distribution Goliaths such as Google and Expedia updating their ranking algorithms at a frantic pace, and the seemingly unstoppable growth of metasearch engine traffic, building and executing an effective hotel marketing strategy can seem intimidating. Content marketing.

Hotel Marketing 40

Hotel Marketing Market Marketing OTA 40

Hotel Business

JULY 25, 2024

Wyndham Hotels & Resorts reported its second quarter results, including growing its development pipeline by 7% and system size by 4% in the period. Ancillary revenues increased 6% compared to second quarter 2023. Other highlights include: Opened more than 18,000 rooms globally, including over 7,000 in the U.S.,

Pipeline 104

Pipeline Ancillary Revenue Occupancy Branding 104

SiteMinder

AUGUST 22, 2022

Sydney, Australia – SiteMinder, the world’s leading open hotel commerce platform, has today announced it will acquire industry acclaimed hotel guest engagement suite GuestJoy, a cloud-based app that allows hoteliers to automate personalised, direct, contactless guest communications before, during and after their stay.

Ancillary Revenue 52

Ancillary Revenue Upsell Hotels ROI 52

Hotel Business

JULY 11, 2023

Travel marketing platform Sojern has acquired VenueLytics , an integrated guest experience platform serving independent hotels, resorts, chains and casinos. Sojern will incorporate VenueLytics’ capabilities as an extension of the Sojern Travel Marketing Platform.

Ancillary Revenue 40

Ancillary Revenue Casinos Upsell Market 40

Travelboom Marketing

SEPTEMBER 1, 2023

Hotels are experiencing a major shift in traveler behavior, including the most recent demands from guests. In the latest TravelBoom Leisure Travel Trends Study , we recognize the importance of loyalty programs for hotels. Guests are looking for the best hotel rewards program available. loyalty programs for hotels.

Hotels 52

Hotels Upsell Ancillary Revenue Travel 52

Boutique Hotel News

DECEMBER 20, 2022

BHN editor Eloise Hanson outlines six hotel and travel trends expected to shape the industry in 2023. Hotel e-tail. In fact, research from HVS shows that over the past 50 years, daily rates across London hotels have grown 0.75 In Bullingham’s words, hotels need to be more like Selfridges. percentage points.

Travel 124

Travel Hotels Branding Consumer 124

Hotelier Magazine

JANUARY 24, 2024

By Nicole Di Tomasso Since their debut in 1983 by Holiday Inn and Marriott, hotel loyalty programs have evolved from simple point-based systems to sophisticated platforms. Now, hotel operators are constantly seeking innovative ways to enhance customer loyalty and set themselves apart in a crowded market.

Ancillary Revenue 59

Ancillary Revenue Hotels Consumer Business 59

Amadeus Hospitality

JUNE 6, 2023

Current iHotelier customers beta testing this functionality are reporting attractive attachment rates for hotel bookings with trip protection included. It’s important that we are leveraging our partnerships like the one with Pattern to offer both guests and hotels benefits that result in more rewarding journeys.”

Travel 52

Travel Ancillary Revenue Cancellation Events 52

Hotel Business

NOVEMBER 9, 2022

The 2023 budget season is upon us, and hotel owners are continuing to search for ways to increase profitability while reducing operational risks. Hotel owners and operators can reduce some of the inflationary pressure by analyzing operational expenses and cost-saving measures. Guest expectations are at an all-time high.

Ancillary Revenue 52

Ancillary Revenue Operations Intent Market Share 52

Hotel Business

MARCH 7, 2023

Hotel Business spoke with Michael McCartan , the newly appointed area VP for Europe, the Middle East and Africa (EMEA) for IDeaS while he is at travel trade show ITB Berlin. What is the vibe in the European hotel community? What’s new in RM, what are global revenue managers focused on? As in the U.S.,

Consumer 52

Consumer Ancillary Revenue Revenue Management Revenue 52

Xotels

APRIL 19, 2021

The countless marketing, sales, and operational tools available in the market have allowed hoteliers to gain quick returns in the past, but unfortunately mediocre strategies and cookie cutter approaches won’t cut it anymore. The key role in pulling this off is played by the hotel team. . Prioritize. The Human Touch.

Ancillary Revenue 52

Ancillary Revenue Hotels Marketing Market 52