article thumbnail

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. Why it’s important for hotels? Why it’s important for hotels?

Upsell 105
article thumbnail

Wyndham reports 5% increase in pipeline in Q2

Hotel Business

Ancillary revenues increased 19% compared to second quarter 2024 and 13% on a year-to date basis. Internationally, RevPAR results were driven by continued pricing power, offset by a decline in occupancy. In China, RevPAR decreased 8% year-over-year reflecting a decline in occupancy and continued pricing pressure.

Insiders

Sign Up for our Newsletter

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

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.

article thumbnail

Beyond Occupancy: Alternative Revenue Streams for Saturated Markets

TravelNet

Solid occupancy isnt enough anymore. 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! Want more tips on diversifying your revenue?

article thumbnail

8 Revenue Management Trends that Define 2025 & Beyond

Hotel Speak

Pricing optimisation: Setting the right prices to maximise revenue while maintaining occupancy. Want to read more about the basics of revenue management? There are 4 different ways to use ancillary revenue opportunities to your hotel started with: Create Packages: Selling an experience vs. just a room.

article thumbnail

Products, partnerships introduced at HITEC

Hotel Business

Energy & guestroom management: Smart devices such as thermostats, lighting and occupancy sensors ensure that hoteliers can automatically minimize utility costs while maintaining a welcoming guestroom environment.

article thumbnail

Beyond RevPAR: Judi Blakeburn (CCO) at Another Place & Watergate Bay on a Guest-Centric Revenue Revolution

Hotel Speak

Judi: We budget for ancillary revenue to be 40% of overall revenue, and I only see that growing as we continue to develop our guest experience. However, its been hard in the last 18 months, to achieve the same levels of occupancy, the same room rates, as we were prior.

Revenue 101