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

Hotel Speak

FEBRUARY 1, 2024

The annual Duetto Revenue Management Trends & Predictions Survey results are in! More than half, 57.1%, said revenue management was more important to their business than the previous year. are currently using a revenue management system (RMS), up from 82.3% This is the third annual survey from Duetto.

Revenue Management 99

Revenue Management Revenue Management Forecasting 99

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

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

Demand Calendar

JUNE 17, 2024

The data generated by modern hotel operations – from booking patterns and guest preferences to room occupancy rates and ancillary revenue streams – is often scattered across various siloed systems. The traditional approach to decision-making faces a new challenge.

Revenue 83

Revenue Ancillary Revenue Revenue Management Occupancy 83

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

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

JULY 12, 2024

As Curator’s newest platform partner, Tock will empower member hotels and resorts to streamline their operations, drive ancillary revenue and elevate guest experiences all on one system. “This partnership aligns with our mission to empower hotels of all sizes with forward-thinking technology focused on revenue management.

Ancillary Revenue 64

Ancillary Revenue Dining Resorts Events 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 89

Revenue Ancillary Revenue Revenue Management Hotels 89

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

SiteMinder

JULY 29, 2024

Increase ancillary revenue Ancillary revenue can be a huge bonus on top of your room revenue. Whether it’s a massage, the gym, transport services, dinner at your in-house restaurant, anything that is not connected to the room revenue can be considered ancillary revenue.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management Hotels 52

SiteMinder

JUNE 26, 2024

Revenue optimization vs revenue management In terms of definition and practice, there is a difference between revenue optimization and revenue management. Table of contents Why is hotel revenue optimization important? Included in this will be key metrics, forecasting models, and trending insights.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Cloudbeds

OCTOBER 9, 2024

For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market. This ongoing process of forecasting and adjustment allows hotels to optimize their revenue management strategies and adapt to changing market conditions.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotelogix

AUGUST 6, 2024

Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Maximizing Hotel Profit As a hotelier, you must adopt a holistic strategy that considers all revenue streams and cost factors to maximize profit.

Revenue 52

Revenue Management Upsell Target Marketing 52

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? How much are you willing to risk? Sounds good, right?

Revenue 62

Revenue Management Revenue Management Average Daily Rate 62

SiteMinder

SEPTEMBER 10, 2024

CPOR can be influenced by a number of factors and can often be a representation of how effective your revenue management and marketing strategies are. Inventory management: Take steps to ensure you aren’t overordering or wasting stock and supplies. What are variable costs per occupied room?

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Hotel Speak

AUGUST 13, 2024

Not only does a hospitality-focused CRM help manage guest profiles from a variety of business units, it enables hotels to drive ancillary revenue throughout the digital guest journey and from returning guests.

Ancillary Revenue 77

Ancillary Revenue Hotels Revenue Operations 77

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

Webrezpro

MAY 20, 2024

In the cutthroat world of hospitality, standing tall amidst a sea of competitors can feel like scaling Everest in flip-flops. Guests frequently go straight to the room rate when perusing online booking platforms or Google’s Hotel Room Search. And who can blame them?

Scale 84

Scale Hotels Hospitality Ancillary Revenue 84

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 73

Revenue Hotels Ancillary Revenue Revenue Management 73

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 80

Hotels Travel Ancillary Revenue Revenue Management 80

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. The Power of Experts Yield management can be complex, but you don’t have to go at it alone.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. The Power of Experts Yield management can be complex, but you don’t have to go at it alone.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Hotel Business

JULY 18, 2024

“Our focus on profit per reservation is higher than it has ever been, distribution channel management is critical, as well as bundling to drive ancillary revenues and pricing for perceived value to the guest versus a solely demand-based pricing model,” he added. “On the other hand, U.S.

Occupancy 52

Occupancy Revenue Travel Operations 52

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

SiteMinder

AUGUST 1, 2024

Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. Organisation description This section provides details about your hotel’s ownership structure, management team, and any key personnel.

Business 52

Business Revenue Hotels Occupancy 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.

Hotels 59

Hotels Upsell Revenue Marketing 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