Cloudbeds

NOVEMBER 15, 2024

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. Why it’s important for hotels? With Cloudbeds Intelligence, hoteliers can: 1.

Upsell 105

Upsell Occupancy Revenue Management Revenue 105

STAAH

JANUARY 16, 2024

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. It is great to be fully booked.

Revenue 105

Revenue Ancillary Revenue Revenue Management Hotels 105

SiteMinder

AUGUST 1, 2024

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.

Business 95

Business Revenue Hotels Occupancy 95

Hotelogix

AUGUST 6, 2024

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. It helps in driving sales, leading to enhanced profit.  

Revenue 52

Revenue Management Upsell Target Marketing 52

SiteMinder

SEPTEMBER 10, 2024

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. Better decision making: CPOR can be used to inform important business decisions, such as pricing strategies, investment in new amenities, and staffing levels.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

Travelboom Marketing

NOVEMBER 7, 2023

Local DMO Participation One of the best ways to drive occupancy from visitors already interested in your destination is through your local DMO and/or Chamber of Commerce. Other tools such as push messaging and food and beverage integration give properties the power to significantly increase their ancillary revenue.

Hotel Marketing 96

Hotel Marketing Marketing Market OTA 96

Xotels

JULY 26, 2024

LEARN MORE CONTACT US LEARN MORE CONTACT US Real-World Example A hotel in a popular tourist destination noticed that their occupancy dropped significantly during the shoulder season. They implemented a yield management strategy, offering discounted rates and packages to attract more guests. Don’t forget about marketing.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59