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How decision intelligence unlocks hotel data for better insights

Cloudbeds

This scalability is especially valuable for hotels – as more information is collected about guest behavior, booking trends , and occupancy patterns the more precise rate adjustments, inventory management, and marketing strategies will be in the future.

Upsell 105
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10 ways to effectively increase hotel revenue | Mews

MEWS

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.

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10 powerful strategies to maximise your hotel revenue in 2024

STAAH

There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Here are 10 strategies: 1. Optimise ancillary revenue.

Revenue 105
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Strategies to Manage Hotel Revenue & Increase Profit

Hotelogix

Optimizing ancillary revenue streams: To diversify your revenue sources, consider enhancing offerings in food and beverage, spa services, and event hosting. Targeted marketing campaigns: Run campaigns during off-peak periods to boost occupancy. Use segmentation to target different guest demographics with tailored offers.

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How To Create the Perfect Hotel Marketing Budget

Travelboom Marketing

Other tools such as push messaging and food and beverage integration give properties the power to significantly increase their ancillary revenue. Traditional Campaigns Traditional media and direct mail still play an important role in the marketing mix.

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Building customer relevance to grow market share

Boutique Hotel News

How have you adapted your sales and marketing strategy to attract these new segments? . Where are your target markets researching and booking their travel? Day-use services and memberships provide additional ancillary revenue streams especially important given the decline in business travel.

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How to start a hotel business plan

SiteMinder

Here’s what to include in your executive summary: Hotel concept: Briefly describe your hotel’s unique features, target market, and overall vision. Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Revenue and pricing Now we’re onto the good bit!