The Power of 7

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Its said in order to have a successful business you need to have 7 streams of revenue, as illustrated in this hotel revenue stream, in order to make more money, you have to offer 7 things or more;

  1. Bedrooms – obviously right
  2. Food & Drink – people need food, drink and to be entertained
  3. Groups – Banquets, Events and groups of people
  4. Golf – Have golf will travel
  5. Staff – return on investment from your staff up-selling
  6. Gym – keeping those in your hotel fit and thirsty
  7. Presentations – similar to events but focused on day use and entry fee conferences
  8. WiFi – yes I added number 8, because keeping your guests connected solo or groups can and will drive 2, 3, 5, 6 and 7 too.
    This can include Social Media too… right

What are you 7 revenue streams for your business…

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