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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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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%. This was achieved even though the average hotel had rented 8.2% The improvement was largely due to continued improvement in average daily rate and revenue from other sources.

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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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Mastering Ancillary Revenue: Key Lessons and Strategies

Refine

A revenue management strategy is a common practice among hotels. What’s less common is having an ancillary revenue strategy, though. Nevertheless, it’s beneficial for hotels to have one. Here’s a The post Mastering Ancillary Revenue: Key Lessons and Strategies appeared first on Revfine.com.

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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.

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Pembroke Kilkenny drove ancillary revenue and room nights promoting gift vouchers

Revinate

Inspiration Pembroke Kilkenny drove ancillary revenue and room nights promoting gift vouchers Subject line: Last 36 Hours to Save with Pembroke's Black Friday Weekender! The post Pembroke Kilkenny drove ancillary revenue and room nights promoting gift vouchers appeared first on Revinate.