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5 Best Ancillary Revenue Ideas to Increase Hotel Revenue Streams

Revenue Hub

NB: This is an article from SiteMinder , one of our Expert Partners However, they also face challenges in competing with the extensive marketing and brand recognition of larger, international players. Parking and valet services: Offering parking facilities, especially in urban areas, is a practical necessity.

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Ancillary revenue: Guide and examples for hotels

SiteMinder

However, they also face challenges in competing with the extensive marketing and brand recognition of larger, international players. With well-equipped meeting rooms and banquet halls, hotels can cater to both business and social gatherings, providing catering, audio-visual equipment, and coordination services.

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Parking as a source of revenue for hotels

Hotel Business

Conduct market research to understand local trends and assess whether other hotels in your competitive set charge for parking. Hotels that should consider fee-based parking include urban, full-service, airport, destination properties, those with limited parking inventory or high parking demand neighborhoods.

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Guide to hotel fees and surcharges for hotels

SiteMinder

Parking fees Whether it’s self-parking or valet service, parking fees provide secure and convenient options for guests who arrive with their own vehicles. These fees can be tiered based on the level of service offered. This can also include room service delivery surcharges. Stay away!”.

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