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Independent hotels often operate with a unique charm and personalised touch, setting them apart from larger chains. Ancillary revenue becomes a creative and strategic way to level the playing field by leveraging the uniqueness of an independent hotel while also generating additional revenue from a loyal audience. It’s a virtuous cycle.
The inner workings of a hotel encompass a few vital functions. Each moving part of a hotel requires organization and meticulous planning. Each area of a hotel should be able to function in harmony to ensure the best service and guest fluency. Not all hotel management services are one-size-fits-all.
What are hotel fees? Hotel fees encompass a range of extra charges guests may pay for amenities and services. They can also be strategic revenue boosters that can significantly elevate your hotel’s profitability. These fees can be tiered based on the level of service offered.
Ancillary revenue is when you earn income from additional services or products offered at your hotel. Maybe it’s a relaxing spa treatment after a long day, a convenient shuttle service to the local attractions, or a romantic dinner at your in-house restaurant; whatever makes the stay at your hotel special for guests.
by Joshua Miller Optimizing revenue streams and uncovering new ones in the competitive hotel industry is crucial for success. The same strategic thinking and revenue management principles applied to these core hotelservices should also be directed toward parking facilities.
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