4 Strategies for Maximizing EBITDA and Optimizing Hospitality Assets
Discover actionable strategies to enhance operational efficiency, generate new revenue streams, and drive sustainable financial growth across your properties.
Labor shortages, rising costs, and the pressure to uncover new revenue streams are placing increasing strain on hotel executives. However, with the right strategies, these challenges can become opportunities for meaningful growth.
Towne Park’s report, 4 Strategies to Maximizing EBITDA and Optimizing Hospitality Assets, outlines strategies to boost hotel profitability, from unlocking non-room revenue like parking to leveraging data-driven decisions for pricing and guest services. It also addresses workforce challenges with smarter hiring and highlights outsourcing benefits for optimizing operations and enhancing guest experiences.
Parking has one of the highest profit margins among hotel services.
What's Included:
Inside, you'll uncover actionable insights and strategies on:
- Optimizing High-Margin Revenue Opportunities: Non-room revenue makes up 32% of total hotel revenue, yet most properties underutilize it. Parking, with self-parking margins over 80%, presents a major opportunity through dynamic pricing and strategic optimization.
- Accelerating Parking Asset Value Through Revenue Optimization: Discover how to optimize your parking assets and develop new revenue generation strategies.
- Tackling Labor Challenges: With a 73.8% turnover rate, labor shortages strain profitability, making smart workforce management essential. Partnering with specialized providers ensures seamless, high-quality service while taking the complexity of staffing off your plate. This approach lets you focus on core operations, enhances guest experiences, and delivers efficiency and cost savings through proven expertise and scalable solutions.
- Flexible Parking Solutions for Every Property: Discover how gateless, digital parking technology can help hotels across your portfolio optimize revenue, streamline operations, and enhance guest satisfaction. Learn how select-serve properties can easily and cost-effectively implement contactless solutions to capture new revenue streams.
- Enhancing Guest Satisfaction: Learn how to establish an integrated arrival through departure experience that drives repeat business, enhances customer loyalty, and elevates your property's brand reputation.
Discover Proven Strategies for Financial Growth
Download the guide to start driving revenue and improving performance today.
