Hotel News Resource

MAY 16, 2023

Resorts are embracing technology to improve cross-selling and ancillary revenue

Ancillary Revenue 100

Ancillary Revenue Revenue Resorts Operations 100

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

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

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

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. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Read Also: What is Dynamic Pricing in Hotels?

Revenue 52

Revenue Management Upsell Target Marketing 52

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.

Ancillary Revenue 59

Ancillary Revenue Pipeline Revenue Occupancy 59

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

Hotelier Magazine

AUGUST 22, 2024

and Dorothy Dowling, former Chief Marketing Officer of Best Western Hotels and special advisor to the HSMAI Foundation. The eBook addresses the most pressing challenges and opportunities presented by advancements in Artificial Intelligence (AI) and the increasing importance of personalization, rich media and ancillary revenue streams.

Digital Marketing 52

Digital Marketing Ancillary Revenue Market Marketing 52

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 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

MARCH 6, 2024

LuxUrban Hotels Inc. He will be augmenting the company’s operations team to support him in this new role. 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.

Ancillary Revenue 64

Ancillary Revenue Revenue Management Hotels Revenue 64

Hotel Business

JULY 12, 2024

Tock, a reservation, experiences and events platform for the hospitality industry, has partnered with Curator Hotel & Resort Collection. As Curator’s newest platform partner, Tock will empower member hotels and resorts to streamline their operations, drive ancillary revenue and elevate guest experiences all on one system.

Ancillary Revenue 64

Ancillary Revenue Dining Resorts Events 64

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. Net cash provided by operating activities of $76 million and adjusted free cash flow of $102 million. and 8% internationally.

Pipeline 105

Pipeline Ancillary Revenue Revenue Occupancy 105

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.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Webrezpro

SEPTEMBER 12, 2024

Guests are no longer satisfied with mediocre dining options at hotels. A robust F&B program can positively impact revenue in a significant way, driving repeat stays and attracting local guests. Distinctive dining options can set your hotel apart, making it a destination in itself. So, spice things […] Source

Dining 85

Dining Revenue Hotels Travel 85

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

Hotel Operations

JUNE 2, 2023

This post is sponsored by MDO There’s a behind-the-scenes role in hotels that few outside the industry know about, but it’s served as the starting point for many hotel leaders such as Scott Curran , COO at Reneson Hotels, and Raul Moronta , CCO at Remington Hotels. It’s the role of the Night Auditor.

Ancillary Revenue 52

Ancillary Revenue Hotels Revenue Pipeline 52

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

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

Hotel Business

NOVEMBER 9, 2022

The global lodging industry has made a comeback in 2022, with operating performance improving significantly over 2020 and 2021 and moving closer to pre-pandemic levels. The 2023 budget season is upon us, and hotel owners are continuing to search for ways to increase profitability while reducing operational risks.

Ancillary Revenue 52

Ancillary Revenue Operations Intent Market Share 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. Rather, you need to ensure your efforts here are driving meaningful engagement , traffic, (and revenue).

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

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

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

Hotel Business

JULY 11, 2023

Travel marketing platform Sojern has acquired VenueLytics , an integrated guest experience platform serving independent hotels, resorts, chains and casinos. VenueLytics’ expertise in analyzing, unifying and activating data from various hotel management and marketing systems will allow Sojern to deepen our relationships in hospitality.

Ancillary Revenue 40

Ancillary Revenue Casinos Upsell Market 40

Hotel Business

JANUARY 31, 2023

The report recaps the events that made 2022 a standout year for the hospitality management company: The full conversion to six vertical and geographically focused operating divisions, intended to refocus deep industry expertise and deploy dedicated resources to better serve owners.

Ancillary Revenue 52

Ancillary Revenue Services Upsell Operations 52

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

OCTOBER 19, 2023

At the end of just three short years of operating independently and using a full suite of Amadeus solutions, our property is not only experiencing growth throughout every channel, but direct bookings are substantially higher than our competitors, and we have finally brought our ADR back in line with 2019 levels.

Resorts 59

Resorts Branding Ancillary Revenue Revenue 59

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. . The Human Touch. Be creative!

Ancillary Revenue 52

Ancillary Revenue Hotels Marketing Market 52

Xotels

JULY 26, 2024

You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Xotels

JULY 26, 2024

You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

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. Zoku Hotels. Hyper-target.

Hotel Marketing 40

Hotel Marketing Market Marketing OTA 40

SiteMinder

AUGUST 1, 2024

What is a hotel business plan? A hotel business plan is a comprehensive document that outlines your hotel’s goals, strategies, and financial projections. It serves as a roadmap for your hotel’s success, helping you attract investors, secure funding, and make informed decisions about your operations.

Business 52

Business Revenue Hotels Occupancy 52

Hotel Speak

MAY 9, 2023

Is there anything more pressing on the minds of hoteliers, preventing them from having sleepless nights thinking about how to bring down their hotel`s cost and keep their business afloat? From our perspective as a hotel management company , we see both challenges as well as opportunities for hoteliers. What is Cost Control in a Hotel?

Hotels 59

Hotels Upsell Revenue Marketing 59