• Magazine Archive
  • Advertise With Us
  • Subscribe
  • Contact Us
Friday, March 5, 2021
  • Login
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
No Result
View All Result
Home News

Hoteliers turn to incremental sales – says Knight Frank

Patrick Ryan by Patrick Ryan
October 5, 2017
in News
A A

Hotel operators in the Middle East are focusing on driving incremental sales from their portfolios due to the challenging conditions of the market.

Burj KhalifaThat is according to a report from global property consultancy Knight Frank entitled ‘Driving Hotel Value’.

“In order to bridge the gap between actual and budgeted returns, concerned stakeholders are turning to new ways of increasing the bottom line both by streamlining costs and creating new revenue streams,” said a spokesperson for Knight Frank.

The report highlights key initiatives that can impact hotel value.

“If many small changes are implemented to the way hotels operate, net revenue can be stimulated in a meaningful way,”said the spokesperson.

“The implications are clear as increasing net revenue leads to increased hotel value and as shown below, this can result in hotel values increasing by up to 22 percent with nominal capital investment.”

RELATED: UAE hospitality sector to improve

The report states that potential uplift in hotel value can be achieved through a combination of initiatives aimed at both increasing revenues and decreasing expense:

  • Rooms based initiatives can increase room revenue by over 10%
  • F&B based initiatives can stimulate outlet revenue by over 10%
  • Spa & recreation based initiatives can enhance net revenue by over 2%
  • Energy based initiatives can create utilities expense savings of up to 20%

 

 

Tags: DubaiGCCHotel News EastIncremental salesKnight Frankmiddle eastuae

Related Posts

The Middle Eastern Twist: ILA brings authentic eats to Dubai Creek
Catering

The Middle Eastern Twist: ILA brings authentic eats to Dubai Creek

March 5, 2021
Gulfood 2021: Invest Northern Ireland
Catering

Gulfood 2021: Invest Northern Ireland

March 4, 2021
Kempinski Hotel Mall of the Emirates receives global health verification badge
Hotels

Kempinski Hotel Mall of the Emirates receives global health verification badge

March 4, 2021
Please login to join discussion

Trending

Radisson Hotel Group to expand with 30 hotel openings across EMEA in 2021
Hotels

Radisson Hotel Group to expand with 30 hotel openings across EMEA in 2021

by Dina Maaty
March 3, 2021

Read more
Aloft Abu Dhabi teams up with Elli’s Kosher Kitchen to launch catering service
Hotels

Aloft Abu Dhabi teams up with Elli’s Kosher Kitchen to launch catering service

by Dina Maaty
February 21, 2021

Read more
Dubai cancels permits for Ramadan tents in 2021
Catering

Dubai cancels permits for Ramadan tents in 2021

by Dina Maaty
March 3, 2021

Read more

Digital Magazine

Hotel News ME

Copyright © 2021
BNC Publishing. All Rights Reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect

Copyright © 2021
BNC Publishing. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In