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7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

From spa services to dining experiences and beyond, hoteliers are leveraging dynamic pricing strategies to optimize ancillary revenue streams. Hotels can increase revenue per guest by adjusting prices according to demand, seasonality, and consumer preferences , achieved through upselling and cross-selling additional services and products.

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Hotel Technology 101: How Hotels Are Using Technology to Gain a Competitive Advantage

Intelity

This means it’s imperative to woo consumers by leaning into what they want and finding ways to make those things happen seamlessly. Hotels that invest in delivering on consumer expectations will see an increase in brand loyalty, which leads to an increase in revenue.

Upsell 63
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It’s All in the Details: 4 Ideas to Enhance the Hotel Guest Experience

Intelity

Consider the following ideas to enhance the hotel guest experience at your property In a world largely driven by customized technology, today’s consumers don’t just crave personalization, they expect it — and they expect it from their hotel stay, too. Ask your staff to recommend your best bottle during their next dining interaction.

Upsell 82
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Be more Selfridges

Boutique Hotel News

Consumer expectations have changed; luxury guests demand experiences that incorporate more than high thread count and 24-hour room service. Just like Netflix recommends programmes to watch, hotel upsells can now be driven by real-time data decisions. Shoppable content taps into consumer desires.

Retail 52
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Chatrium Hotels & Residences “revolutionise” operations and find success with SiteMinder

SiteMinder

From exquisite rooms, amazing dining options, and fabulous event venues, Chatrium is truly a premium accommodation choice. Collecting data, prioritising attention to detail, and optimising personalisation are all keys to perfecting upsells and ancillary services. Pawarisa said the key to this is creating authentic connections. “Our

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Six ways voice-assisted tech delivers business value

Hotel Business

Voice-enabled smart speakers allow hotel operators to upsell services to generate new revenue. Or for properties with in-house dining, the device could be set up to recommend the daily dinner special or happy hour options in the lobby bar. It makes the entire experience feel personalized and unique—perfect for #influencer culture.

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Hotel chatbot: Full guide with examples

Little Hotelier

We can also see that chatbots are becoming more popular in general, given 88% of consumers had an interaction with one in the previous year. Hotels can take the same approach to selling rooms, upselling guests, and selling extras. Hotels can often be slow adopters of new technology, leaving some guests frustrated.

Hotels 64