We conduct a thorough assessment and gap analysis of the current status of the Revenue Management practices across the hotel vis-a-vis the industry best practices. This involves in-depth understanding of the current Structure, Knowledge & practice of revenue management, Tools & Processes.
Based on the findings of the Assessment stage, a Revenue Management Roadmap is created and includes a combination of short-term and long-term strategic and structural changes (including but not limited to pricing structure & market positioning) to help the hotel realize its true revenue potential.
This includes training, business process restructuring, tracking and reporting of various revenue management related KPIs, complete handling and control of the Online Distribution, Channel Management and also recommendations related to the changes required in systems, tools and processes.
Revenue Management Execution is backed up with Regular Strategy calls with your hotel and corporate teams, guidance for revenue meetings, detailed performance analysis and monthly on-site revenue performance reviews.
Get set for Exponential growth over organic growth with increased Total Revenues and improved online revenues.
Derive the full benefits of structured pricing across all segments and implement true dynamic pricing
Set KPIs and take proactive measures to attain & surpass the targets. Maintain strict control and measure ad-hoc discounting.
Improve Revenue Management Knowledge and Culture while streamlining Processes and benchmark them to industry standards.
Outsourcing Revenue Management means gaining valuable experience at a fraction of the cost of other options. A for-hire model allows you to immediately benefit from revenue management best practices, analytics and strategies rather than waiting to hire and train an on-site revenue manager.
REVOPT's Revenue Management services might be more effective than having your own in-house revenue manager. We will execute the Revenue Management Operations based on scientific and accurate data and will provide complex analytics, summary reports and invaluable insights that help you keep up with demand, dynamic market conditions and competitor pricing.
REVOPT brings the best-in-class revenue management knowledge and expertise to implement a tailor-made strategy that offers a proactive and objective viewpoint. On the other hand an in-house team may not be fully aware of the best practices and may also be less nuanced in its understanding and implementation of the revenue management practices.