Remove Ancillary Revenue Remove Market Remove Occupancy
article thumbnail

Beyond Occupancy: Alternative Revenue Streams for Saturated Markets

TravelNet

Solid occupancy isnt enough anymore. Markets are saturated. While occupancy is still a core metric, relying on it too heavily can leave your property management business vulnerable to seasonal swings, economic uncertainty, and a volatile demand environment. Ancillary revenue to the rescue! Competition is fierce.

article thumbnail

Pattern: The Undervalued Driver of Success & By Lynn Zwibak

Hotel News Resource

The number of factors identified to impact the success of a hotels revenue management strategy continues to grow.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How decision intelligence unlocks hotel data for better insights

Cloudbeds

For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For hotels, this includes making dynamic rate suggestions and identifying segments and offers for marketing campaigns.

Upsell 105
article thumbnail

Report: Independent hotels see record-breaking occupancy

Hotel Business

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Some of the findings: Direct bookings are on the rise.

Occupancy 115
article thumbnail

8 Revenue Management Trends that Define 2025 & Beyond

Hotel Speak

So, in the ever-evolving world of revenue management, the following foundations will always remain essential: Data collection: Gathering accurate and comprehensive data is crucial for effective revenue management. Forecasting: Using historical data and market trends to predict future demand and optimise pricing accordingly.

article thumbnail

7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

By combining information from different sources, revenue managers can visualize the entire customer journey, customizing pricing and promotions for different channels and groups. Ancillary Revenue Management Pricing In addition to room revenue, ancillary revenue streams play a crucial role in boosting overall profitability.

article thumbnail

Beyond Room Rates: The Data-Driven Guide to Maximizing Total Revenue

Demand Calendar

The data generated by modern hotel operations – from booking patterns and guest preferences to room occupancy rates and ancillary revenue streams – is often scattered across various siloed systems. The traditional approach to decision-making faces a new challenge.

Revenue 98