ancillary revenue
From Base Stays to Premium Experiences: How AI Is Redefining Ancillary Revenue Generation for Hotels
Leo Barrit | May 29, 2024
By Leo Barrit Artificial intelligence (AI) is more than just a buzzword; it's a transformative tool that can revolutionize the hospitality industry. Its practical use can empower hotels to anticipate guest preferences, tailor services accordingly, and deliver them through the right channels. This not only enhances the guest experience but also opens doors to increased profitability. However, it’s crucial to understand and navigate the challenges and considerations of implementing AI to align with a hotel's business goals. The economic gains from AI are not to be underestimated. A study by PwC predicts that the most significant boosts ...
10 Booking Trends & Stats That Every Hotelier Should Know to Drive Guest Experience and Revenue in 2024 and Beyond
Andrew Rubinacci | April 3, 2024
By Andrew Rubinacci Many of us grew up on the precipice of a new digital era, an inflection point after which innovations seemed to multiply to uncover possibilities that our younger selves might have dismissed as fit for a more distant future—if we imagined them at all. In 2024, innovation seems to be waiting around every corner, and no industry is exempt from its influence and subsequent transformation. The hospitality industry is now in an undeniably important state of flux: a widespread upheaval of legacy processes and platforms to make room for big tech and big ideas. Although hotel service will always have traditional roots and ...
Top Services That Guarantee Ancillary Revenue in the Hospitality Industry
Rajesh P Yadav | August 8, 2023
by Rajesh P Yadav The topic of ancillary revenue has been widespread ever since the onset of the pandemic, which significantly altered the cause of hospitality. Businesses have entered a new age, experimenting with new income sources and expanding their revenue strategies beyond the traditional. While lodging, accommodation and food are what hospitality is known for most, the world noticed how leveraging ancillary revenue opportunities can guarantee faster recovery and sustainability, even during crisis times. Several businesses in the hotel industry adopted diverse distribution strategies to sell non-room revenue products and serv...
UpStay Continues Global Growth Momentum With Expansion Into North American Hospitality Market
UpStay | April 19, 2022
Leading provider of advanced upselling technology to unlock new revenue streams for North American hoteliers with industry’s first risk-free yield enhancement platform. TEL AVIV, ISRAEL & NEW YORK, APRIL 19, 2022, — UpStay, a leading provider of advanced ancillary upselling technology solutions for the hotel industry, today announced the expansion of its global operations to serve the revenue growth and experience-enhancing needs of hoteliers throughout the North American market. Benefitting from a leading presence in several international markets, UpStay’s entry into North America follows an aggressive company growth strategy t...
Effective Ancillaries Will Help Hoteliers Tap Into the Lucrative Local Tours and Activities Business
June 4, 2019
By Iñigo Valenzuela Increasing your booking value in the hotel world means growing your ancillary revenue and there are lots of ways hoteliers are already doing this. Check into a hotel today and you'll find additional things you can purchase, from their cellar wine to the sheets and wallpaper that adorn your room. This is all great but the big revenue opportunities are in local tours and activities. This is a multi-billion-dollar business and big industry brands have made it no secret that they are investing more money and resources in this growing sector. Trip Advisor and Booking Holdings acquired tours and activities software ...
Could Your Storage Space Be Your Largest Source of Ancillary Revenue?
Stasher | January 22, 2019
Revenue management is fundamental to any hotel operation - so why doesn't your luggage room receive the same attention? Many hotels have embraced the "sharing economy" by offering luggage storage to non-guests through Stasher, the world's first online luggage storage platform. Indeed, while Airbnb is often thought of as the arch nemesis of hotel owners, the model is driving a market that hotels are now directly benefiting from. Backed by Hotels.com and Expedia, Stasher connects travellers looking for reliable, short-term storage with hotels, shops and businesses eager to monetise their unused storage space. For hotels, it could not be m...
RMS Designs ‘Upgrader’ Feature to Fill Premium Rooms and Capture Potentially Lost Revenues
January 25, 2017
RMS Upgrader prompts staff to fill more expensive room options first before offering lower-price or accommodations to boost revenues and enhance the guest experience [SAN DIEGO, CALIF.— January 25, 2017] — In a price sensitive market where much of the buying takes place online, it's not unusual for a hotel to sell its cheaper room types first, then struggle to fill the more expensive options. A new Upgrader feature from RMS Hospitality Solutions is helping hoteliers overcome this problem by prompting staff to offer last minute upgrades to guests upon arrival. Residing within RMS – The Hospitality Cloud (an above-proper...
Travel Spending has Increased by $48 billion – So What are Travelers Spending Money On?
Bojan Jokic | November 19, 2015
by Bojan Jokic The United Nations World Tourism Organization (UNWTO) recently released data on the spending habits of tourists in 2014, which put $1.2 trillion back into the global economy — an increase of $48 billion from the previous year. The same report revealed that receipts from international visitors spending on accommodation, food and drink, entertainment, shopping and other services and goods reached an estimated US$ 1,245 billion (euro 937 billion) in 2014, an increase of 3.7%. The global business travel market generates sales worth hundreds of billion U.S. dollars every year and it includes both national and internatio...
