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Wyndham Hotels & Resorts increased its pipeline by 5% to a record high of 255,00 rooms in development in its results for the three months ended June 30. Ancillaryrevenues increased 19% compared to second quarter 2024 and 13% on a year-to date basis. Highlights include: System-wide rooms grew 4% year-over-year.
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.
Markets are saturated. Ancillaryrevenue to the rescue! For property management companies looking to expand profitability without adding inventory or dramatically increasing workload, alternative revenue streams can be a game-changer. This post will show you how to convert those opportunities into revenue.
Zucchetti North America launches Lybra Assistant in North America Zucchetti North America has introduced Lybra Assistant, its next-generation revenue management system (RMS), to the North American market. This enables proactive engagement with potential guests in high-demand feeder markets before it becomes apparent to competitors.
Back then, we would never have called ourselves one, but we were akin to a resort. Finally, we bought a Canadian solution called ResortSuite, a complete resort system. Judi: We budget for ancillaryrevenue to be 40% of overall revenue, and I only see that growing as we continue to develop our guest experience.
âRoomKey has been part of our journey from the ground up,â said Jeannette Clarke , Regional Operations Manager for Tech Support, HR, Loyalty Programs, and Reservations Services at Lakeview Hotels & Resorts. High Paws is now live across all Great Wolf Lodge resorts nationwide, as well as the corporate support center.
. “In 2024, we also successfully relaunched four brands, substantially expanded our partnerships business, significantly increased our international footprint, achieved record organic rewards program growth and unlocked new value through additional ancillaryrevenue opportunities. Increased domestic RevPAR by 4.5% Repurchased 3.1
And as market conditions shift, so do the insightsâmaking this tool an agile companion in todayâs fast-moving hospitality landscape. Through a partnership with ZINIO , one of the worldâs largest digital reading services platforms, HCN is expanding its no-cost services to hotels and resorts.
This collaboration enables hotels using Infor HMS to drive incremental revenue and elevate guest personalization by seamlessly integrating Plusgradeâs proven upsell technology into the core guest journey. âTogether, weâre bringing ancillaryrevenue into the digital core of hotel operations â where it belongs. Brands Yum!
â 6/15/2025 HITEC 2025: UrVenue Launches UrResort UrVenue launches UrResort , its newest product developed in response to the growing demand from hotels and resorts for a more tailored solution. UrResort brings together a connected suite of solutions designed to help resort operators centralize and commercialize non-room inventory at scale.
We certainly felt the impact, especially going into March,” says Christopher Ellison, Vice President of Revenue at Brittain Resorts and Hotels, a full-service hospitality management company based in the Southeast region. That adaptability has only strengthened the industry’s resilience in a market now defined by constant change. “I
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc.
âWith their arrival, weâve completed the transformation of our leadership teamâpositioning us to shape smarter strategies, deepen customer engagement, and accelerate our momentum across the industry.â As CMO, Wright will lead the marketing strategy, brand positioning, communications, and other key initiatives.
Instead of relying on guesswork, revenue tools analyze: Market demand How many people are looking for rooms in your area? Customer Relationship Management (CRM) System A CRM organizes guest data so that you can personalize their experience and market to them with the right offers at the right time.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc.
What this implies is that if hotels are not keeping up with the trends, then they are either losing bookings or will have a hard time growing nightly rates beyond what the commoditized market-determined price commands. Have you thought about collaborating with any luxury or longevity-oriented hotel brands?
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc.
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced its second-quarter 2025 results. “Record first-half openings and […] The post Wyndham Hotels & Resorts Reports Q2 2025 Results appeared first on LODGING Magazine.
Wyndham Hotels & Resorts , for the first quarter ended March 31, reported that global RevPAR grew 1% in constant currency and ancillaryrevenues grew 8% compared to the first quarter of 2023. per share related to expected marketing fund variability (after estimated taxes). Diluted earnings per share was $0.19
In the fiercely competitive hospitality industry, the essence of successful resortrevenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?
Wyndham Hotels & Resorts , for the three months ended Sept. which increased 10% YOY Development pipeline grew 1% sequentially and 5% YOY to a record 248,000 rooms Ancillaryrevenues increased 8% compared to third-quarter 2023. and 7% growth internationally. RevPAR In the U.S., Additionally, the company’s U.S.
In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort.
Wyndham Hotels & Resorts reported its second quarter results, including growing its development pipeline by 7% and system size by 4% in the period. Ancillaryrevenues increased 6% compared to second quarter 2023. Other highlights include: Opened more than 18,000 rooms globally, including over 7,000 in the U.S.,
Méndez, Director of Sales & Marketing, El Conquistador Resort: “Our partnership with Amadeus has allowed us to not only survive but to thrive at the end of a challenging period including closure due to a hurricane, a worldwide pandemic, and, most importantly, a shift from branded to independent status.
Remaining relevant to guests is key, and those that don’t are at risk of losing market share. As Dimitris Manikis, president and managing director EMEA of Wyndham Hotels and Resorts, said recently : “ You have to evolve with a business… consumers two-and-a-half years ago are different from today.” Co-working.
Relationship Marketing Fills a Better Funnel Why should hotel salespeople care? Daniel says, “You have some nice ancillaryrevenue opportunities, especially if you’re a property with a lot of programming. Whether it’s resort amenities or spas, or maybe you’ve got multiple dining outlets.
Arigo, who brings 35 years of industry experience to LuxUrban, will be primarily responsible for the day-to-day operations of the company’s hotel portfolio, with a focus on enhancing property-level operations, optimizing supply chain relationships, elevating the customer experience and pursuing ancillaryrevenue opportunities across the portfolio.
It depends on the market. I would let my competitors take all the group business booked in advance, and when there wasn’t enough inventory in the market, I would take the transient overflow at a premium rate. It’s not just about rooms There are also ancillaryrevenue components for you to consider. What’s better?
This includes both historical and forward-looking, on-the-books data, allowing hoteliers to understand anticipated travel volumes and plan revenue, sales, marketing, and operational strategies accordingly. The power of data to boost efficiency and increase revenue The benefits of business intelligence are tangible.
In the meantime, a dedicated eCommerce platform for hotels and resorts, LiBi, launched earlier this year. Marc Saunders, director of marketing at Splendid Hospitality, also believes there is opportunity to drive revenue by activating hotel spaces with retail partnerships. percentage points.
Together these features enable guests to consume more of what the property has already invested in providing increased ancillaryrevenue while simultaneously decreasing operational costs. Amber Henson, Marketing Manager at Cal-a-Vie Health Spa, echoed this sentiment: “We are thrilled about the release of the new platform.
Let´s explore the following topics & trends that are shaping the (current) hotel industry landscape: Can’t Forget the Basics What are the trends in revenue management in 2024 Distribution: Fishing Where the Fish Are Outsourcing To AI or Not to AI? LEARN MORE CONTACT US LEARN MORE CONTACT US 3. To AI or Not to AI?
Let´s explore the following topics & trends that are shaping the (current) hotel industry landscape: Can’t Forget the Basics What are the trends in revenue management in 2024 Distribution: Fishing Where the Fish Are Outsourcing To AI or Not to AI? LEARN MORE CONTACT US LEARN MORE CONTACT US 3. To AI or Not to AI?
Travel marketing platform Sojern has acquired VenueLytics , an integrated guest experience platform serving independent hotels, resorts, chains and casinos. Sojern will incorporate VenueLytics’ capabilities as an extension of the Sojern Travel Marketing Platform.
In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort.
What Does the Process of Revenue Management Look Like? Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Prompt Reactions: Respond swiftly to market fluctuations, demand shifts, and competitor actions.
Segment Your Market: Not all guests are created equal. Segment your market and tailor your pricing to each segment. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. Think of them as your secret weapon in the battle for profitability.
Now, hotel operators are constantly seeking innovative ways to enhance customer loyalty and set themselves apart in a crowded market. While rudimentary by today’s standards, these early programs laid the foundation for a new era in customer-retention strategies. New perks for the surpass card include 4x Hilton Honors bonus points on U.S.
Wyndham Hotels & Resorts ‘ board of directors, following a comprehensive review with its outside financial and legal advisors, has unanimously determined the unsolicited exchange offer from Choice Hotels International Inc. to acquire all outstanding shares of Wyndham is not in the best interests of Wyndham and its shareholders.
Segment Your Market: Not all guests are created equal. Segment your market and tailor your pricing to each segment. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. Think of them as your secret weapon in the battle for profitability.
Segment Your Market: Not all guests are created equal. Segment your market and tailor your pricing to each segment. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. Think of them as your secret weapon in the battle for profitability.
On top of this, expenses are growing at a faster rate than revenues in many markets, and while overall labor expense increases are moderating, there are several major markets that face higher wage resets in the coming years. Overall, the top 25 markets are outperforming the U.S. “On the other hand, U.S.
Whether you manage a boutique inn or a luxury resort, these innovations will redefine hospitality. Read Also - Hotel Marketing: Tips to Improve Online Presence Quickly Smart Room Technology IoT devices to customize guest experiences Smart thermostats : Set temperature based on likes. Ready to future-proof your property?
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