Revenue-Generating Ideas for Hotels

Save
Mid-range and upscale (but not luxury) hotels may struggle the most.
Mid-range and upscale (but not luxury) hotels may struggle the most. (Image: hotel image by Martin RICHIARDONE from <a href='http://www.fotolia.com'>Fotolia.com</a>)

Hotels often struggle in a challenging economic climate because people try to cut costs when they travel, turning to budget motels and even staying with friends or relatives. When they do stay in hotels, they may avoid using room service or ordering premium television options. Expanding the range of services a hotel offers is a key way to increase revenue. Look for services that don't cost extravagant amounts of money to implement.

Hotel at Home Boutique

Create a boutique (whether online, at the hotel or in a catalog placed in each room) where hotel guests can purchase the sheets, pillows, blankets, bath products, towels and even light fixtures provided in their rooms. If a person's stay was particularly relaxing, he may wish to buy some of the things that helped create the relaxing atmosphere. A substantial retail space with a showroom should not be necessary, as guests will have already experienced the products for themselves. Existing retail space can be expanded or reconfigured to hold an experimental "Hotel at Home" line.

Hotel guests often relish the lavish bedding.
Hotel guests often relish the lavish bedding. (Image: Luxury hotel room image by Andrejs Pidjass from <a href='http://www.fotolia.com'>Fotolia.com</a>)

Entertainment Concierge Service

Offer an entertainment concierge service--in-room or through a catalog--where hotel guests can purchase books, music and DVDs, and rent gaming consoles and games. Stock a range of mass-market paperback novels (current bestsellers are always a good bet), including historical, contemporary and romance novels. If the hotel features an in-room music system or plays consistent ambient music throughout public spaces like the lobby and hallways, make that music available for purchase. Also, create seasonal and holiday-themed services. In November and December, for example, add such holiday classics as "Miracle on 34th Street" to the entertainment concierge service.

Romance novels are immensely popular--and profitable to sell.
Romance novels are immensely popular--and profitable to sell. (Image: romantic novels and reading glasses image by Warren Millar from <a href='http://www.fotolia.com'>Fotolia.com</a>)

Freelance Service Center

Hotels can make extra money by curating a network of local service providers in various areas such as babysitting, pet grooming, pet boarding and personal shopping, according to an article on Entrepreneur.com. Sell such services to guests at a healthy markup.

Reliable, high-quality childcare services command a premium price.
Reliable, high-quality childcare services command a premium price. (Image: babie image by Yvonne Bogdanski from <a href='http://www.fotolia.com'>Fotolia.com</a>)

Related Searches

References

Promoted By Zergnet

Comments

You May Also Like

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!