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Parking as a source of revenue for hotels

Hotel Business

Rethinking parking as a key revenue stream Just like rooms, food and beverages, and event spaces, parking should be considered a key revenue-generating component within a hotel’s ecosystem. Conduct market research to understand local trends and assess whether other hotels in your competitive set charge for parking.

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Hotel industry statistics: Guide for hotels

SiteMinder

Online sales in the hotel segment will generate 80% of total revenue in 3 years. Turn statistics into hotel revenue Make statistics mean something by using SiteMinder’s platform to implement effective revenue management strategies Learn more Hotel industry report: What are the best sources of hotel industry data?