Proven Methods to Increase Hotel Revenue

There is no magic solution to increase hotel revenue. But many of the tactics listed below can be implemented in tandem to boost hotel revenue and lessen the impact of the previous 18 months.

Some tips to increase hotel revenue:-

Give a memorable food and beverage experience to guests

You have a formal restaurant, a relaxed pub, or a snack bar nearby (or all three!). It's time to increase their revenue creation right now. Opportunities include including a voucher for onsite eateries in group confirmation emails and providing less expensive specials outside of the periods when business is often busiest, like the downtime between lunch and supper or the last few hours before closing.

Ask bartenders to pitch customised drinks with names that correspond to the next professional event or occasion. Don't forget to include eye-catching, visible signage that list the contents. Similarly, the head baker or pastry chef can make specialised cakes or cookies that are frosted with a pattern that goes with the gathering's theme.

Keep the option of checking in early and late check-out

Making some premium services fee-based rather than just free is one of the simplest methods to boost income at your hotel. There is a high demand for early check-in and late check-out times among hotel customers. These requests are currently being fulfilled for free by an astounding number of hotels. Customers are more than prepared to pay anywhere between $20 and $50 for an early check-in, according to the research, and these fees can significantly boost hotels' earnings. This add-on helps some hotels earn over $30k in fees each year. Imagine providing free services valued at $30k each year!


Offer upgrade for rooms

All along the guest's journey, hotels should capitalise on upselling opportunities. Before your hotel guests are due to arrive, you should gently start this. Hotel owners can provide room upgrades prior to a guest's arrival in addition to early check-in and late checkout.

The hotel and the guest both benefit from last-minute room upgrades. Providing upgrades to your visitors right before their stay may enable you to provide a discount on a finer room. In this manner, both you and your guest will benefit from enhanced accommodations.

Examine your hotel facilities, the land, and the area around them to see if there are any untapped potentials and in that context, you can look out for ways concerning how to increase hotel revenue with PricePoint. The hotels you manage can be transformed so they're buzzing in some fashion, depending on the specific aspects that make sense for your group business and your budget.

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