Outsourced Revenue Management
You may not need a full-time revenue manager on board at your hotel, and if this is the case, we can offer revenue management support to your property from as little as 4 hours per week. Outsourcing is a highly cost-effective way to ensure that the revenue management responsibilities for your hotel are covered when and where needed, but without the cost of employing a full-time revenue manager on a permanent basis.
We have the following options available:
Low level support
We would support you with revenue management related tasks for your hotel which would typically include:
• Daily, weekly and monthly performance reporting
• Pricing strategy review with recommendations for change
• Competitor analysis review
• Availability check
Medium level support
In addition to the above, we would also:
• Execute any price changes on behalf of the hotel
• Handle all inventory management controls
• Implement procedures and best practice
• Optimise and expand distribution partners
• Identify new revenue opportunities
• Run your weekly revenue management meeting
High level support
Where we would assume the role of a full-time revenue manager for an agreed period of time and work as part of your team to embed a revenue management culture within your hotel
We are completely flexible in what we do, and can tailor make any aspects of our revenue management services to suit your circumstance. There may be a need for a combination of the above, as you may require high level support initially, reducing to a lesser support service once a revenue management environment becomes established.
From the offset, we would agree collaboratively an outline plan, based on your requirements, to ensure that the revenue responsibilities are covered and all expectations are met. We will work with you to help you achieve your goals.
Please contact us today for an introductory chat – we are here to help your hotel.
Revenue Management Training Courses
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