Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue 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?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Mews

NOVEMBER 9, 2023

Hotel ancillary services allow hoteliers to boost their average daily spending and make each reservation more valuable. Encouraging guests to purchase added services can also improve their experience at your hotel.

Ancillary Revenue 52

Ancillary Revenue Revenue Services Hotels 52

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotel Business

MARCH 6, 2024

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 ancillary revenue opportunities across the portfolio.

Ancillary Revenue 64

Ancillary Revenue Revenue Management Hotels Revenue 64

STAAH

JANUARY 16, 2024

There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Optimise ancillary revenue. Dynamic pricing is a modern hotelier’s most effective strategy for revenue management.

Revenue 83

Revenue Ancillary Revenue Revenue Management Hotels 83

Mews

JULY 11, 2023

A question on every hotelier's mind: how to generate more revenue in a hotel. While there's no tried and tested solution, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue, upselling, and other marketing strategies.

Ancillary Revenue 52

Ancillary Revenue Revenue Upsell Marketing Strategy 52

Hotel Business

MARCH 7, 2023

Some of the focuses are automation and creating new opportunities for increased pricing power, more ancillary revenue uptake for hotels and an creating even stronger guest experience. What’s new in RM, what are global revenue managers focused on?

Consumer 52

Consumer Ancillary Revenue Revenue Management Revenue 52

Little Hotelier

OCTOBER 17, 2023

Learn more Strategies to increase hotel revenue There are a lot of strategies that can be used to increase hotel revenue – but it’s important to be focused and committed to the plans you make. For example, you can use revenue management technology to track market conditions in real-time.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Skift Blog

MARCH 26, 2023

Skift Take: Every commentary on hotel performance refers to revenue per available room as a key industry metric — RevPAR. Yet non-room revenue from cafes, co-working, spas, and events is growing in importance. Hoteliers should focus more on overall earnings per square meter. Sean O'Neill Read the Complete Story On Skift

Revenue 246

Revenue Events Hotels Ancillary Revenue 246

Mews

FEBRUARY 22, 2023

We can set rates according to clever algorithms, which do the work of a thousand revenue managers. Digital nomads are likely to consume more in the hotel, boosting ancillary revenue. And so much more.

Hospitality 52

Hospitality Ancillary Revenue Services Travel 52

Travelboom Marketing

NOVEMBER 7, 2023

From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel. Other tools such as push messaging and food and beverage integration give properties the power to significantly increase their ancillary revenue. Don’t skip this step!

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

Webrezpro

JULY 12, 2023

However, in our imaginary revenue competition, there is a clear winner. Riddle: Two hotels have the same number of rooms and charge the same rates. On a given night, both book an equal number of rooms. How is this possible? The answer is simple (and the title of this post may be a giveaway!). TRevPAR […] Source

Revenue 72

Revenue Hotels Ancillary Revenue Revenue Management 72

Webrezpro

AUGUST 17, 2023

One of the best ways to boost your hotel’s bottom line is to offer activity packages and add-ons. Not only do they provide an opportunity to increase your TRevPar, they give guests more of an experience at your hotel. People have returned to travel in droves, but today’s guests don’t just want a place to […] Source

Hotels 79

Hotels Travel Ancillary Revenue Revenue Management 79

eZee Absolute

DECEMBER 7, 2023

Additionally, advanced revenue management systems enable dynamic pricing strategies, optimising revenue in real-time. The approach of dynamic pricing ensures that pricing aligns with market dynamics, maximising revenue potential. These models foster guest loyalty while providing a predictable revenue stream for the hotel.

Hospitality 59

Hospitality Revenue Dining Accommodation 59

SiteMinder

AUGUST 18, 2022

When it comes to successful revenue management strategy , it’s not just about tracking your own internal metrics such as RevPAR. At your hotel you also need to perform regular competitive analysis to see where you stand in the local market and how you can gain an advantage, or at least maximise your potential revenue and profit.

Hotels 52

Hotels Revenue Ancillary Revenue OTA 52

Hotel Speak

MAY 9, 2023

This approach can lead to the creation of fresh revenue streams, heightened competitiveness, and a renewed brand appeal. The perfect opportunity to turn costly floor space into revenue-generating assets.

Upsell 59

Upsell Hotels Revenue Operations 59

Hotel Business

JULY 13, 2023

“When I developed HotelIQ Decision Cloud, it was very important to me to make data more accessible to the entire commercial team by breaking down the walls that traditionally exist within a hotel’s sales, marketing and revenue management departments,” said Apo Demirtas, founder/CEO, HotelIQ.

Revenue 52

Revenue Ancillary Revenue Management OTA 52

Hotel Operations

MARCH 15, 2023

But as revenue management technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results. I don’t see sort of a whole range of AI products replacing a traditional property management system or a revenue management system.

Hospitality 59

Hospitality Hotels Operations Revenue 59