It involves so many other aspects that guests not only expect but eagerly look forward to. This being the reality, how can hotels increase their non-room revenue?
And there should be, after all, it is a crucial aspect the industry! But what nobody talks about as much is how to increase the non-room revenue at a hotel. Hospitality, today, is no longer just about offering a room to the guest and charging them for the night. Stay tuned to learn 6 hacks that you can implement at your property to increase your hotel non-room revenue.
And there are several ways by which Food and Beverage can add revenue to a hotel. Think of boulangeries, bakeries, patisseries and what not! You could also promote your restaurant or bar by hosting a food festival, happy hours, an all-you-can-eat buffet, a karaoke night or any such event at regular intervals. This can be a great way to attract people to your property, even if only to the bar or resto.
You could have even one of these, but you need to offer something that your patrons will not find anywhere else. Instead of going all easy money for everyone on the infrastructure, your spa can offer unparalleled service and treatments.
17 Hotel Revenue Generating Ideas to Boost Business
Even if you have a modest swimming pool, you could make it irresistible by offering some really amazing cocktails at the poolside bar. Sometimes simple but sincere efforts to impress them can also rake in the big money! Events This one really depends on the type of property you own. If you have a conference hall or a banquet hall, you need to cash in on it heavily.
Revenue Generating Ideas for Hotels
Given that there are more reasons for get togethers today, than perhaps ever, your chances of renting out such halls are a lot higher! Depending on where your property is located, you can take a call on who your potential customers are.
From corporates or startups looking to rent halls for their meetings or events to familial or social get togethers! Perhaps a graduation day celebration, a bridal or a baby shower, a quinceanera, a wedding reception, what have you! If you have the real estate, no matter how big or small, there is someone out there looking to additional sources of hotel income out a hall. Find out what the demand is for and attract them to you!
10 Tips How to Increase Revenue in Hotels
The possibilities are endless, as are your hotel revenue sources! Parking lots A decade ago if someone were to mention parking lots as a hotel revenue generating idea, ridicule would have been guaranteed. Of course! Like I just mentioned, if you have the space or the real estate, there are a lot of people out there who are willing to pay you to use it.
3 Hotel Revenue Generating Ideas and How to Implement Them
Given how automobile-heavy cities and towns are getting these days, parking issues are rampant. You could use your parking lot in multiple ways to generate non-room hotel revenue.
- Binary options in 1 min
- The question is simple, but answering it can be a challenge.
- 10 Tips How to Increase Revenue in Hotels - GuestJoy
- 18 Ways to Boost Hotel Bookings and Get More Revenue - Net Affinity Blog
You could throw open your parking lot to non-guests when you can during local events, off seasons, etc. Kids Recreation centre Be it in business hotels or leisure ones, having a babysitter handy can work wonders to your guest experience.
No matter how much one denies it, every parent has those days when they wish they could leave their children in safe hands for a few hours and just RELAX! Whether it is a working parent who might have to travel with their toddler, or a family that is travelling with kids- everyone needs their time out.
This is where you get creative with your non-room revenue streams to increase hotel revenue.
While issues such as driving up direct bookings and managing room rates across various distribution channels are still a top priority of hotel revenue management, it has become more apparent than ever that these practices are in themselves insufficient when it comes to revenue optimisation. Guest expectations are no longer limited to the room itself, but rather include a wide range of services and activities that they demand to be provided to them as part of their hotel experience. In order to manage these expectations effectively hoteliers are advised to expand their services into several areas: 1. Cuisine Culinary tourism holds sway over many travellers and as such, it plays an important part in whether or not they will choose to book with your establishment.
Pet services For pet owners, pets are no less than children, so the same sentiment comes into play here, as with the above hack. Or maybe invest in a mini jacuzzi for pets? Walk this extra mile, and you are sure to stand out from the crowd!
How to increase our revenue?
While these were some ways by which hotels could increase their non-room revenue, what about keeping track of the revenue that is generated by these outlets? You can trust us to take care of that. Hotelogix offers unlimited POS to hotels, empowering them to branch out their revenue sources without having to worry about consolidation.
Our world-class cloud-based PMS has revamped the way thousands of hotels, spread across a hundred countries, manage their hotel operations. With Hotelogix PMS, you can be sure to stay on top of all your non-room revenue sources.
18 Ways to Boost Hotel Bookings and Get More Revenue
Reach out to us at sales hotelogix. Looking for a way to manage your non-room revenue sources?
We have just the solution for you. Check out Hotelogix Now!
Author Bio: Divya Bhat is a content strategist and writer with over a decade's experience in journalism and marketing. Apart from additional sources of hotel income with some of India's leading media houses, she has also worked as a French language translator. You can reach out to her at divya. Daily News Delivery Join your colleagues and stay up to date on the latest Hotel industry news and trends.