ancillary

Hoteliers need to look at all hotel spaces available to them, but being on-property daily can make it difficult to see the opportunities that could exist

By measuring and monitoring total revenue per available room, hoteliers have the ability to take a magnifying glass to all revenue sources

Growth in ancillary revenue POR, plus a 5.6 percent ADR increase, resulted in a 7.3 percent gain in total operating revenue POR for resorts

We question whether meetings, groups and event revenue should still be considered ancillary revenue when a substantial part of a hotels income

For hotels who can provide Food and Beverage in-house, the creative control gives you the possibility to add additional revenue streams

Hotels can rent empty parking spaces on a monthly basis. Even at reduced rates, the revenue generated from these spaces could be substantial

It could take years to build back pre-crisis revenue and profit levels. Hoteliers are a resilient bunch and understand it’s an upward climb

The crisis has forced the hospitality sector to come up with innovative and indigenous ways to utilize their assets and open new revenue streams

In this tentative climate, revenue management strategies should aim to boost consumer confidence, focus on value, and increase revenue per guest

Hotel revenue managers need to figure out how to stack the right building blocks to forecast accurately, price with confidence, and maximize profitability