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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. per share. “We
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. Ancillaryrevenue to the rescue! Markets are saturated. Competition is fierce.
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 ancillaryrevenue opportunities to your hotel started with: Create Packages: Selling an experience vs. just a room.
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.
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. This add-on for P3 Essential and Custom booking engines integrates ancillary services into one unified reservation system.
. “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. Domestic ADR grew by 3.1%
6/17/2025 HITEC 2025: HCN Offers Magazines to Leading Hotels and Resorts for Guests Hotel Communication Network (HCN) continues to evolve its hotel guest experiences by offering access to a catalog of global magazine brands free of charge to leading hotels and resorts via its AI Concierge ad-supported tablet platform.
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.
What Are Revenue Management Tools? Revenue management tools are software and systems that help hotels optimize pricing, control cost , maximize occupancy, and increase profitability. It monitors guest reservations, room occupancy, and overall performance metrics. And not just from your hotel rooms?
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. If you offer different experiences throughout the day, it can add extra revenue to your business,” he says.
Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillaryrevenue and guest personalization by simplifying how hotels sell and fulfill packages. OPERA Cloud is a composable, unified hospitality platform that enables hotels, resorts, and casinos to streamline operations and drive growth.
Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillaryrevenue and guest personalization by simplifying how hotels sell and fulfill packages. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc. announced the launch of Agilysys Book with S.P.E.N.D.
These devices use advanced sensors and AI to monitor temperature, humidity, air quality, light, barometric pressure, and occupancy â including pets or sleeping guests. Anacoveâs integrations include: Smart Thermostats that go far beyond basic climate control. announced the launch of Agilysys Book with S.P.E.N.D.
Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillaryrevenue and guest personalization by simplifying how hotels sell and fulfill packages. OPERA Cloud is a composable, unified hospitality platform that enables hotels, resorts, and casinos to streamline operations and drive growth.
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. Key highlights include: 15th consecutive quarter of sequential pipeline growth 5% growth in the U.S. In the U.S.,
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. APAC occupancy declined 7% and ADR declined 5%. which represented an increase of 33% year-over-year.
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. Additionally, the company’s U.S.
Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort. Your revenue strategy should cover special (contracted) rates.
Imagine, you’re the revenue manager of a 300-room property, and one week out from the arrival date you have only 30% on the books. especially if your comp set is trending ahead on occupancy on the books. All your competitors are now doing 95% occupancy with a good balance of transient and group. Sounds good, right?
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? Want to read more about the basics of revenue management? 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? Want to read more about the basics of revenue management? To AI or Not to AI?
When asked to rate their top business objectives that are driving technology investment, 41% of hoteliers cited their desire to increase occupancy. Survey respondents also said data fragmentation (33%), data efficiency (32%), and data integrity (30%) are among the biggest challenges faced in business intelligence today.
increase in occupancy. ” As for the remainder of the year, Bojanowski is seeing a slowing of year-over-year growth in occupancy, primarily driven by a flattening of leisure transient demand and continued slow growth in business transient demand. ” Meliker expects RevPAR growth to end the year up 1.8%, driven by a 2.6%
Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort. Your revenue strategy should cover special (contracted) rates.
Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort. 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. It’s a win-win!
In the meantime, a dedicated eCommerce platform for hotels and resorts, LiBi, launched earlier this year. A recent Knight Frank report supports this idea, revealing that ancillaryrevenues have increased in 2022 with the contribution to total revenue rising by 1.5 percentage points.
Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? This dynamic demand necessitates adaptive revenue management practices. Learn more about how to generate ancillaryrevenue in your hotel or resort. Protect YOUR Brand!
Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort. 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. It’s a win-win!
Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort. 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. It’s a win-win!
Whether you manage a boutique inn or a luxury resort, these innovations will redefine hospitality. Real-time insights : Smart systems provide instant data on everything from occupancy rates to energy consumption, allowing for quick, informed decision-making. Occupancy sensors : Save energy and plan housekeeping better.
I lived and breathed Average Daily Rate (ADR) and Occupancy. This is the classic definition we all learned, the sacred mantra of hoteliers and revenue managers. Ancillary Services: Parking, laundry, minibar every single little revenue stream counts! learn more about how to optimise your AncillaryRevenue ).
Wyndham Hotels & Resorts revealed results for the three months and year ended Dec. Our teams focus on expanding into higher FeePAR markets, growing our extended-stay footprint and unlocking new ancillaryrevenue streams underscore the diverse growth opportunities inherent in our asset-light, resilient business model.
Wyndham Hotels & Resorts , for the three months ended March 31, reported that it opened a first-quarter record 15,000 rooms globally for a 13% year-over-year increase. The company’s development pipeline grew to a record 254,000 rooms. In China, demand remained steady but RevPAR declined 8% YOY reflecting continued pricing pressure.
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