To be competitive and profitable in the hotel industry, hoteliers need to adopt a forward-thinking mentality to achieve substantial revenue growth. Hotel owners can accomplish this by optimizing every booking by positioning their hotel business to rise ahead. What can your hotel be doing now to boost every reservation and achieve revenue growth while setting the foundation for a stable and lucrative hotel business revenue?
1. Expand and Revitalize Your Hotel Booking Plan to Increase your Revenues.
2. Shift Your Antiquated Booking Strategies and Hotel Image to a Boosting Techniques.
Additionally, inform your customers of the irresistible new promotions you are offering at your hotel while remaining competitive within the market and strategically current in the hospitality industry. Utilize stunning hotel images to promote your booking engine and plans. Promote selling strategies for your hotel that are lively, attractive, and refreshing.
It would be best if you moved on to allow new booking and modern strategies to increase revenue. To improve a hotel business revenue growth is to transform the dynamics of your reservation's methods. Embrace a new approach to your hotel system to revive your hotel pictures and ambiance, thrive on an advanced booking wave, and lead the market smartly.
3. Create a Powerful Social Media Presence for Instant Revenue Gains.
It is fundamental to create social media awareness to bring organic traffic to your bookings. Still, it is also imperative to combine social media content with promotional techniques that build conversion to your offers. Most social engines allow your hotel to use "Book Now" opportunities to increase your online distribution. Adding social media promotions on your direct booking channel and your OTAs channels adds valuable opportunities, price your hotel rooms competitively, exposes your inventory, and achieves your desired hotel revenue growth.
Another solution to increase your sales through social media is to add promotional email campaigns to your current customers' database. A great promotional concept is to offer room type - differential pricing and offer discounted rates of your suite products. Additionally, enhance your social media strategies by including your hotel promotional links in the OTAs (Online Travel Agents) sites as a search engine optimization to drive traffic to your hotel website and obtain new bookings.
An additional social media technique is to include promotional codes with enticing but competitive discounts to obtain immediate action from buyers. Initiate promo codes that are creative and alluring; for instance, last-minute deals offer your hotel the opportunity to sell the rooms that are still in inventory for the day. This will improve sales performance and boost your revenues versus holding to daily unsold rooms.
Social Media approaches are powerful tactics that improve the hotel's bottom line and generate additional sales.
4. Continuation of Effective Booking Practices.
30 years empowering the hotel industry's revenue growth, RevOptimum is dedicated to advancing hoteliers and hotel organizations' achievement by:
- Pioneering remote hotel revenue management solutions and revenue platforms.
- Creating innovative and cost-effective revenue-growth tools and effective strategic plans.
- Committing to impacting hospitality groups and communities worldwide positively.
- Empowering every hotelier and hotel business to achieve higher revenues and make it sustainable and permanent.
Explore Hotel Revenue Growth with RevOptimum.
Unlike hospitality management companies, RevOptimum exclusively focuses on hotel revenue management. Our experience of 30 years mastering revenue increase skills has helped grow substantial revenues for hotels across the industry. We are hotel revenue management strategists who know your field, set revenue planning goals, and use our industry leadership to boost your hotel revenues.
We’re here to work with your hotel one-on-one to build a revenue management plan that brings in more RevPAR. Contact one of our revenue growth experts to learn how you can reach your hotel revenue goals.
About the Author
Marisol Frothingham is a Hotel Business Expert with more than 20 years of experience in increasing hotel performance and revenue growth. Marisol is responsible for the successful development and implementation of RevOptimum’s strategic vision and global operations.