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Revenue Management Consulting
Is your hotel experiencing specific difficulties with optimizing revenues, bottom line profits or gaining market share? Or prefer to have a thorough analysis of the entire revenue generating process? Our experts can offer a complete overview based upon extensive internal & external research that is translated into actionable recommendations that can increase the hotel revenue performance, bottom line profits and market share.
The internal Revenue Management analysis includes a revenue performance analysis based on relevant KPI’s and comprehends RM principles such as pricing and product offerings, segmentation, distribution strategy and content, demand calendar, reputation management, systems, lead generation, forecasting, budgeting, etc. Additionally, an internal organizational analysis can be created that demonstrates how revenue management and its processes are embedded into your organization and how this can be improved in order to increase performance.
The external Revenue Management analysis includes a detailed overview of the local performance in the area, creating / updating the hotels competitive set, competitor analysis, benchmarking, trends and changes in the marketplace, etc.
All internal and external information is summarized and translated into actionable recommendations that can increase the hotel revenue performance, bottom line profits and market share.