SiteMinder

AUGUST 29, 2023

What is ancillary revenue? Ancillary revenue is when you earn income from additional services or products offered at your hotel. By offering these added touches, you’re not just boosting your revenue; you’re creating memorable experiences that make your hotel stand out. It’s a virtuous cycle.

Ancillary Revenue 52

Ancillary Revenue Revenue Hotels Services 52

STAAH

APRIL 23, 2024

Hotel Revenue Management using Omnichannel Data In today’s interconnected world, harnessing omnichannel data is essential for optimizing revenue management strategies. Ancillary Revenue Management Pricing In addition to room revenue, ancillary revenue streams play a crucial role in boosting overall profitability.

Revenue Management 88

Revenue Management Revenue Ancillary Revenue Management 88

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 115

Occupancy Ancillary Revenue Upsell Revenue 115

Travelboom Marketing

SEPTEMBER 1, 2023

Hotels are experiencing a major shift in traveler behavior, including the most recent demands from guests. In the latest TravelBoom Leisure Travel Trends Study , we recognize the importance of loyalty programs for hotels. However, when it comes to hotel loyalty programs travelers from ages 18 to 80 agree. 35 and Under 65.5%

Ancillary Revenue 52

Ancillary Revenue Upsell Hotels Travel 52

Little Hotelier

OCTOBER 17, 2023

So let’s look at some of the best ways you can make the above strategies work… 15 best ways to increase hotel revenue 1. So let’s look at some of the best ways you can make the above strategies work… 15 best ways to increase hotel revenue 1. For example, they could get a free bottle of wine when they book directly via your website.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Catala Consulting

JULY 30, 2023

Overbooking: Though counterintuitive, it helps mitigate revenue loss due to last-minute cancellations or no-shows. Channel Management: Ensures profitable utilization of distribution channels, such as online travel agencies (OTAs), direct bookings, and travel agents.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? What Does the Process of Revenue Management Look Like? The main distribution channels are: Groups: Private groups, Schools, event planners, travel planners, etc. Protect YOUR Brand!

Revenue Management 52

Revenue Management Revenue Management Forecasting 52