What other ways are available for a hotel business to make money apart from lodging by guests?

[King Belieal]

Hotel business is at the core of the hospitality industry. We know it to be traditionally about guests lodging and paying for that.

Just thinking. Is there any way that a hotel can make money and it is not by accepting guests? What other earning opportunities are available for a hotel?

 

[Fidelia]

Hotels always have restaurants and bars. They sell foods and drinks to make money apart from offering rooms for lodging.

 

[eLdavis]

Most hotels also have event halls they rent out for various event from time to time, this is another way they make money

 

[Trush Jodie]

Hotels also organize events that people have to pay money to attend. That way, they sell tickets to make money.

 

[Augusta]

Hotels can drive revenue and profit through primary and secondary sources. The primary source of income is lodging other sources is selling of drinks, foods, snacks. Doing laundry services and maybe running errands for the guests

 

[Suba]

In addition to providing lodging or guest rooms, hotels often do several ways to make money such as selling food and beverages, renting out function rooms for business meetings or weddings, additional services such as spas, fitness centers, etc.

 

[arunima25]

They have restaurants and bars where people can go and enjoy even when they are not the guests lodging there. They have rooms, halls and seminar halls for renting for business events. They are also rented for art galleries, social and political events. Many good Brand hotels are ideal places for hoisting marriages, anniversary and birthday parties.

 

[Augusta]

They need to have a fitness center they can make good money with this. A lot of people would wants to use their fitness center

 

[Stardom22]

The hotel business is actually very vast and have multiple earning opportunities. Like selling out food and beverages, renting out meeting halls events among some other earning activities.

 

[Kross]

Hotels can also make money exclusively from their restaurants and bars. They sell foods and drinks to make money.

 

[Augusta]

Selling at the highest possible price point without sacrificing volume.

 

[Springtime]

There are several ways hotels can make money other than receiving guests lodging at their hotel. Their restaurants and bars can entertain people who do not stay in the hotel. Their function rooms can be rent out to businesses organizing events.

 

[Augusta]

You can Offer pet services.
Offer hotel services to local rental properties and Make your hotel kid-friendly.