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5 Best Ancillary Revenue Ideas to Increase Hotel Revenue Streams

Revenue Hub

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. 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

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. Parking and valet services: Offering parking facilities, especially in urban areas, is a practical necessity.

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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.