Today, Hilton (NYSE: HLT) announced a partnership with ResortPass, for booking day access to Hilton's resort and hotel amenities, bringing curated day pass packages to participating Hilton properties across the Americas.
RevPar is no longer only tied to room revenue at your property - it's the total square footage. This is not groundbreaking news, but ask yourself this question. What are you doing to drive revenue separately from your room rate strategy? It is time to invest energy into thinking beyond the room and amenity packages that will lead you to discover ways to drive revenue beyond nightly stay and food and beverage.
This article focuses on presenting eight hotel ancillary revenue ideas within the hospitality industry.
As HVS associates travel nationwide and experience new hotels, or newly renovated and revitalized properties, we are seeing many owners creating innovative ways to generate revenue. This article lists just a few ways we’ve recently come across.
The hotel ancillary revenue revolution is expected to gain momentum in the Indian hotel industry, with more radical revenue-generating avenues gradually finding favor. Read on to know more.
As travelers become more comfortable with new safety protocols and practices around COVID-19, we’re seeing travel start to rebound around the world. According to STR, hotel occupancy has been slowly recovering, especially in the US and Europe. While the travel industry is not expected to return to pre-pandemic levels until at least 2022, current research shows that consumer sentiment towards traveling will continue to improve throughout the year.
Ancillary revenues are an important part of the hotel industry and according to Skift, it represents a $4B opportunity for hotels. However, hotels have traditionally had to rely on manual tracking for ancillary sales such as cabana rentals, meeting space, and wine tastings. In many cases, hoteliers have utilized multiple, disjointed systems that made it difficult to efficiently manage all of the property’s ancillary offerings.