Remove Forecasting Remove Revenue Remove Upsell
article thumbnail

How to maximize hotel revenue without discounting

Hotel Speak

Use revenue tech to your advantage Revenue management systems (RMSs) have evolved to provide smarter segmentation and demand forecasting to tighten levels of granularity. Things like upselling, cross-selling ancillary services, and promoting on-site spend at restaurants, spas etc., can result in a stable revenue stream.

Revenue 93
article thumbnail

Why a Delegate-Centric Strategy Is the Future of M&E Revenue

Demand Calendar

By shifting the focus from purely "renting out meeting rooms" to attracting the maximum number of delegates and maximizing the spend per delegate , hotels gain a deeper understanding of their true revenue-generating potential. Sales : Converts high-potential leads into booked events and upsells delegates on premium offerings.

Revenue 69
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Hospitality Metrics for Revenue Managers

Hotel Management

No need to obsess over RevPAR or lose sleep over ADR – there are much more important metrics out there for revenue managers. Revenue management is not a walk in the park. The latest guide by Mews, the industry-leading hospitality cloud, explores the new success metrics for revenue managers. Get your copy here.

article thumbnail

How decision intelligence unlocks hotel data for better insights

Cloudbeds

If there’s a sudden change, for example, an influx of last-minute bookings hits the system, the platform can enable revenue managers to adjust room rates dynamically to maximize revenue. DI can also be more proactive and suggest upsells tailored to guest profiles and booking patterns. Why it’s important for hotels?

Upsell 105
article thumbnail

How to Leverage AI in Your Hotel Marketing and Channel Distribution Strategies

Hotel Speak

According to recent Accenture research, 84% of travel executives say AI is the key to achieving their growth targets demonstrating that AI-driven channel strategies are no longer optional; they’re absolutely mission-critical for driving hotel revenue. Today, AI has flipped that model on its head.

article thumbnail

Maximizing Hotel Revenue: Advanced Channel Manager Strategies for 2025

STAAH

Advanced Strategies to Maximize Revenue a. Dynamic Pricing: Real-Time Revenue Optimization c. Todays winners in hospitality are those who use tools like a Channel Manager not only to sync availability but to maximize revenue, streamline operations, and build a resilient digital strategy. The New Age of Hotel Distribution 2.

Revenue 86
article thumbnail

The Future of Hospitality: Why Single-Solution Platforms Are Transforming Hotel Management

Hotel Speak

Gone are the days of dealing with multiple systems for reservations, revenue management, and guest engagement. Spreadsheets for revenue tracking. Single-solution platforms harness AI to: Analyze booking trends and forecast demand. Identify upselling opportunities to boost revenue.