REVOPT | Hotel Revenue Management Audit by REVOPT
Comprehensive assessment and audit of your current Revenue Management processes, tools and efficacy with detailed gap analysis and actionable recommendations. The objective is the understanding the gaps between the revenue Management best practices and the ground situation. Revenue is impacted majorly by the knowledge & capabilities of the team, processes followed and the efficacy and usage of systems and tools towards the practice of revenue management. A detailed and in-depth assessment helps uncover gaps and highlights issues that are hindering the growth.
Hotel Revenue Management Audit, Hospitality Revenue Management Audit, Revenue Management Audit, Revenue Management Roadmap, hotel distribution audit, revenue management culture, revenue management strategy, Revenue Management tactics, gap analysis,
15153
page-template,page-template-full_width,page-template-full_width-php,page,page-id-15153,ajax_fade,page_not_loaded,,qode-theme-ver-10.0,wpb-js-composer js-comp-ver-4.12,vc_responsive

Revenue Management Insights & Roadmap

REVENUE MANAGEMENT INSIGHTS & ROADMAP

Comprehensive assessment and audit of your current Revenue Management processes, tools and efficacy with detailed gap analysis and actionable recommendations.

Objective

The prime purpose of a Revenue Management Insights & Roadmap is the understanding the gaps between the revenue Management best practices and the ground situation. Revenue is impacted majorly by the knowledge & capabilities of the team, processes followed and the efficacy and usage of systems and tools towards the practice of revenue management. A detailed and in-depth assessment helps uncover gaps and highlights issues that are hindering the growth.

The Process

  • Data Collation & Computation

    Relevant Data of last 3-5 years in collected, cleaned, organized, sorted and processed using proprietary algorithms

  • Data Analysis & Inference

    Revenue Experts derive inferences after a thorough analysis & deep dive through various dimensions and measures

  • Key Stake Holder Interviews

    1-on-1 interviews with Key Stake-holders to learn about their approach and understanding to Revenue Management and its current practice

  • Technology & Distribution

    Review of Current eDistribution Practices and assessment of efficacy and usage of Revenue Management Systems and associated tools.

  • Reporting & Presentation

    Overview of current Revenue Management practice, culture and Gap Analysis with respect to best practices followed by Recommendations on Strategy & Tactics

Benefits

Vision

Clearly defined and formulated vision to achieve revenue optimization goals in the short and long-term

Strategy

Implementing company wide, consistent and well-thought out structures and standards creating an environment of control and confidence

Tactics

Managing demand through analytical and fact-based decision making processes leading to revenue optimization and performance improvement

Culture

Sustainable Revenue Management embraced as a key cornerstone of the company’s success and standardised processes laying the foundation for future growth

Find out more about how Revenue Management Insights & Roadmap can help your hotel