Ideas to boost hotel revenue

At your hotel, rooms are the main source of income but it doesn’t have to be the only one. In fact, many business owners have gotten creative with ideas to boost hotel revenue to pull through and even thrive during difficult times.

You probably already know upselling and cross-selling are two perfect revenue generating examples but there are many more. Keep reading to find out what else you can do to bring extra revenue to your hotel.

Offer upgrades before arrival

Give guests the option to upgrade their basic room to a higher category before they arrive. This allows them to consider the offerings and book at their convenience. By selling high-category rooms in advance, you can resell lower-category rooms and increase occupancy, especially during high-demand periods.

Provide early check-in and late check-out

This is one of the most common requests from guests and yet, most hotels won’t do it! Stand out from the competition by offering hte flexibility of check-in and check-out times. Many guests are willing to pay extra for it and it will lead to better online reviews and customer loyalty.

Partner with local businesses

Collaborating with nearby restaurants, tour operators, and other local businesses can enhance the guest experience and generate additional revenue. For example, you can negotiate commissions for booking tables at restaurants or offer unique outings and adventures through local tour operators. This not only boosts revenue but also makes your property an integral part of the local community.

Make the most of upcoming events in your area

Keep track of concerts, conferences, festivals, and other events happening near you. Create special offers targeted at group guests and promote them on your website and other platforms. Building relationships with event organizers can lead to collaboration opportunities that benefit both parties.

Promote your food and beverage options

Make it easy for guests to spend money during their stay. Provide them with digital access to menus on their phones, allowing them to browse and order items at their convenience. A feature like this can significantly increase purchase rates and enhance the overall guest experience.

There are many ideas to boost hotel revenue that you can implement in your business, you just have to get creative. If you’re looking to do something like this at your hotel, but you don’t have funds to invest maybe you should look into saving money in other areas, laundry for example. Leasing equipment with Southeastern can save thousands on your operational costs. Asks us how!

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