ancillary revenue

/Tag: ancillary revenue

ancillary revenue

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 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...

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