Expert Revenue Management consulting to ensure your business is generating the revenue it should be. Over time watch your revenue grow!
We fill the function of a property-based revenue manager. We establish prices, forecast demand, manage inventory, manage distribution and evaluate results.
We look at every aspect of your business and determine the best solutions to help you achieve your revenue goals.
1. Collection and analysis of hotel data
- Historical data review by market segment/channel
- Business on the books, pick up, pricing strategy review and performance vs. market and competition set
- Rate/occupancy correlation
- Validation of the Competition set and competitors pricing review on all channels (marketplace)
- Evaluate past and future group blocks
- Upcoming events and how they influence demand
- Review special events business on the books and advise course of action
2. Creation of forecasts (3 months rolling forecast by market segment, arrival forecasts)
3. Determining which pricing strategy and length of stay controls need to be put in place.
4. Recommend actions, implement and monitor results.