Hotel Speak

MAY 30, 2025

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

SiteMinder

JUNE 22, 2025

The accelerating rise of the experience economy “The overarching story for the travel industry is one of success, accentuated by resilience,” says Sean Morgan, Head of Travel Industry Research at Tourism Economics. Recent data on global tourism arrivals align with this trend.

Revenue

Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Domestic tourism is still going strong.

Occupancy

Cloudbeds

OCTOBER 9, 2024

By analyzing these elements, hoteliers can more accurately estimate how much revenue they will book in the future. With a comprehensive demand forecast in hand, commercial teams—including sales, marketing, and revenue management—can devise targeted tactics to maximize revenue.

Forecasting

SiteMinder

AUGUST 1, 2024

Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Research the current and projected demand for hotels in your location, taking into account factors such as population growth, tourism trends, and economic activity.

Business

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. Building solid partnerships: Collaborate with local businesses and tourism boards for mutual referrals. Optimize your website for SEO to attract organic traffic.

Revenue