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JLL: Creativity to play key role in 2023 profitability

Hotel Business

Understand the evolving nature of lodging demand and intentionally drive ancillary revenue to optimize profit. Capital expenditures should aim to protect market share and enhance property value. Guest expectations are at an all-time high.

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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? The extra revenue and control over availability this provides is an essential technique at the disposal of revenue managers. Protect YOUR Brand!

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Building customer relevance to grow market share

Boutique Hotel News

Remaining relevant to guests is key, and those that don’t are at risk of losing market share. Day-use services and memberships provide additional ancillary revenue streams especially important given the decline in business travel.

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Wyndham board rejects Choice’s exchange offer

Hotel Business

provider of hotel franchise services in the chainscales that serve middle-income guests—economy and midscale—with more than 55% market share in each, resulting in significant uncertainty as to whether the FTC or courts would ever clear the transaction. Choice’s offer would create the largest U.S.

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Hotel Revenue Management Strategies

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.

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Hotel Marketing Plan & Strategies for 2022 & 2023

Xotels

With a market share of over 90% , Google is, by far, the search engine to observe. Still, your human staff can go a long way to redirect guests to your direct channels , upsell and increase your overall ancillary revenue. Pick the right CMS for you. Proprietary or Open Source? Continuous training is, therefore, crucial.