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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. Some hotels even provide luxury car rentals or chauffeur services for an elevated experience.

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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. Some hotels even provide luxury car rentals or chauffeur services for an elevated experience. Events or meetings: Hosting events, conferences, or meetings can be a lucrative revenue source.

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Parking as a source of revenue for hotels

Hotel Business

Rethinking parking as a key revenue stream Just like rooms, food and beverages, and event spaces, parking should be considered a key revenue-generating component within a hotel’s ecosystem. The same strategic thinking and revenue management principles applied to these core hotel services should also be directed toward parking facilities.