To grow or maintain occupancy rates hoteliers must be willing to innovate, experiment and adapt. While there’s no simple, universally effective solution for increasing hotel occupancy, these strategies prove effective in the right circumstances.
9 proven ways to grow your occupancy rates
Fortunately, price isn’t the only tool available to hoteliers looking to improve their occupancy rate. Here’s a look at how to increase hotel occupancy with some tried-and-true approaches and introduce some important considerations to keep in mind when monitoring this common hotel performance metric.
How to properly record packages in your hotel
Many hoteliers are at a loss to properly set up and manage hotel package transactions so that they do not end up with a mess in their books and systems. Here’s how to properly administer these seemingly complicated and unruly devices.
8 pricing strategies for hotels during the holiday season
Implementing these pricing strategies effectively will position your hotel as a sought-after destination during this festive period while ensuring a profitable season ahead.
Unleashing profit potential through innovative packages
If a hotel puts more effort into designing packages using the four Ps (Product, Price, Promotion, and Place), the chances are much higher that the package will become a sales success.
Closing the deal with Gen Zs
If you set-up your hotel’s offerings and tech stack properly, these avid travelers could be your sweet spot (revenue-wise) for the coming months and years.
9 things you can do to drive more ancillary revenue at your hotel
There are many ways to generate more income from your existing facilities and services. Adding a few new ones can be easy and have a positive impact on your guest’s stay, as well as help you lift your bottom line and boost profitability.
4 types of hotel rates and how to use them
Rate plans help you maximize revenue during slower seasons, allow you to provide more pricing options for your guests, and keep your property competitive in your market.
Offer culinary experiences to increase hotel bookings
It goes without saying that food is a fundamental part of the human experience—but today, it has become multimillion-dollar entertainment. The past three years have seen 27 million American culinary leisure travelers, and 88 percent of hospitality destinations consider food tourism a major part of their branding.
