April 20, 2023
Hostels have become an increasingly popular form of accommodation for travellers, offering a budget-friendly alternative to traditional hotels . However, in order to keep costs down, hostels need to find alternative revenue streams. These can help keep prices down and offer a wider variety of services, while improving the guest experience.
While one of the main sources of income for hostels comes from accommodation fees, this is not the only possible source of income. So below we give you some ideas of alternative sources of income that you can implement.
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1 1. Sell tours and/or tickets to attractions in your sector
2 2. Sell items that guests may need
3 3. Create an alliance with transporters in the area
4 4. Sell souvenirs
5 5. Improve your pricing strategy
6 6. Offers laundry service
7. Paid ads can increase direct bookings
1. Sell tours and/or tickets to list of honduras consumer email attractions in your sector
This is one of the most common alternative sources. Start by analyzing your environment: who can be your strategic ally? You will surely find many options and together you can boost the local economy. Some interesting ideas: visits to museums, local food restaurants or extreme sports practice work very well.
Check out the full portfolio of activities offered by this hostel in Bogotá, Colombia:
2. Sell items that guests may need
Consider selling something in addition to drinks and snacks . No one knows what guests typically need to buy but you: toothbrushes, toothpaste, soap, shampoo? The idea is that while you're earning additional revenue, your guests will perceive exceptional service. Everyone wins!
