Hotel Revenue Management is an integral part of the overall business and if done correctly can make the difference to a hotel succeeding or failing. It’s not only about driving an increased average room rate and the amount of rooms sold but doing so in the most profitable manner.
Our optional Revenue Management System improves any hotels proactive rate management, competitor analysis, real-time reporting and communication of rooms key information and automation of the rate management process. The system works with many property management systems, a list of which can be found here.
At HotelRevenuePlus revenue management is at the front of our service alongside sales and marketing. Here are just some of the elements we cover.
Account Manager
Your dedicated Account Manager will support you, analyse data and assist in driving your revenue. The Account Manager is an extended part of your own team, supporting an internal Revenue Manager, General Manager or Owner.
Weekly performance reporting
Weekly pick up, ADR (gross and nett), rooms sold, F&B revenues, M&E, Year on Year comparisons and more
Revenue / BoB Reports
Reviews take place through adjusted forecasts with data pulled from your PMS, showing your business on the books. Using a smart mix of current (BOB) and historical data, our revenue management service compares and looks to future opportunities. This enables you to effectively anticipate the expected demand and ensures a proactive approach is taken.
Weekly Call
Often the most important part of our service, a weekly call ensures we are working together in a unified and consistent way. We’ll present data, analysis and recommendations to help drive revenues.
Rate & Yield Management
Strategic and tactical rate management is fundamental to maximising revenue growth and a key focus and support mechanism for our clients.
Packaging
Proactive direct sales opportunities are highlighted and supported as we look to reduce reliance on OTA’s and focus on direct business generation.
Rate Profitability
Regular monitoring of performance and profitability, taking into account the cost of acquisition and margins.
Channel Performance
We will assist you in analysing your distribution channel performance to ensure you get the most from each channel at the right time for the right price. We’ll analyse your own website and booking engine performance and where appropriate Online Travel Agents, Global Distribution System and wholesalers.