In the competitive landscape of the hospitality industry, hoteliers are constantly exploring innovative ways to increase revenue and enhance the guest experience. Upselling presents a lucrative opportunity for hotels to maximize their profits while providing added value to guests. By implementing creative upselling strategies, hotels can drive additional revenue streams and foster guest loyalty. Here are ten creative ways hotels can engage in upselling:
S Hotels & Resorts reinforces focus on profitability with THB 12bn target in total revenue
S Hotels and Resorts PCL, announced business strategies to boost profitability with the target to achieve THB 12 billion in total revenue for 2024 across five markets globally.
Hotels embrace ancillary revenue in 2023, reports Mews
Revenue per available guest increased by almost 10% in the UK, according to the Mews data dive for 2023.
Cendyn and SiteMinder establish strategic partnership to grow revenue for hotels
Cendyn, and SiteMinder, are excited to announce a strategic partnership to mutually grow each other’s revenue management capabilities for the benefit of more than 70,000 hotels.
IDeaS G3 Revenue Management Software now in Spanish and French
IDeaS announces its flagship product, G3 Revenue Management Software (RMS), is now available in Spanish and French. The software is already available in English, German, and Chinese, with Japanese to quickly follow in the future.
Cendyn acquires WIHP reinforcing commitment to driving profitable revenue
Global technology and services leader for the hospitality industry, Cendyn, continues its legacy of innovation with strategic acquisition of WIHP, a trailblazer in hotel metasearch services and technology.
Six hotel sales strategies to increase occupancy and revenue
A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. It involves identifying target markets, setting sales goals, and creating a plan to achieve those goals.
Third Quarter trading update to 30 September 2022
Q3 group RevPARa +28% vs 2021; +2.7% vs 2019, with Americas +6.8%, EMEAA (0.1)% and Greater China (20.0)%
Average daily rate +13% vs 2021, +11% vs 2019; occupancy +8%pts vs 2021, -6%pts vs 2019
Gross system size growth +4.3% YOY; opened 8.0k rooms (51 hotels) in Q3, similar to Q2 and ahead of Q1
Underlying removal rate -1.7% YOY; removals YTD equate to an annualised underlying rate of -1.3%
Net system size growth +2.6% YOY on an adjusted basis
The global system of 888k rooms (6,061 hotels); 67% across midscale segments, 33% across upscale and luxury
Signed 13.2k rooms (89 hotels) in Q3, similar to Q2 and last year; global pipeline of 278k rooms, +2.9% YOY
Analysis: 2022 Hotel Leisure Travel revenue projected to be up 14% over pre-pandemic levels
U.S. hotel leisure travel revenue is projected to end 2022 14% above 2019 levels, while hotel business travel revenue is expected to come within 1% of 2019 levels, according to a new analysis released today by the American Hotel & Lodging Association (AHLA) and Kalibri Labs.
Maxing out the season: How to drive revenue at the end of the first post-Covid summer
While most people have already booked their summer trips, there’s still time to make the most out of the revenge travel era and maximize your hotel’s occupancy and revenue with smart, proactive pricing.
