Revenue Management
An extension of the hotel’s team with revenue management responsibilities. Choose from one of the two services below:
Limited Service (Great for Small Hotels)
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~ Rolling 365-day price positioning & yielding based on market and pickup trends
~ Implement rate, room and channel restrictions
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~ Comp set review of pricing strategies, promotional offers, amenities & services
~ STR analysis to identify opportunities for performance improvement and revenue enhancement
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~ Revenue Strategy Meeting (one hour/month)
~ Coaching & team development
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~ Generate pickup report on a weekly basis
~ Generate pace report on a weekly basis
~ Generate rate strategy calendar inclusive of rate recommendations on a weekly basis
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~ Rolling 365-day price positioning & yielding based on market and pickup trends
~ Implement rate, room, and channel restrictions
~ RMS optimizations (if hotel has an RMS subscription)
~ Promotion & package development
~ Deliver group quotes & rate suggestions to Sales
~ Monitor oversellstrategy
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~ Comp set review of pricing strategies, promotional offers, amenities & services
~ STR analysis to identify opportunities for performance improvement and revenue enhancement
~ Benchmarking data analysis (if hotel has subscription)
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~ Revenue Strategy Meeting (one hour/bi-weekly)
~ Coaching & team development
~ Attend ownership meetings
~ Attend ad-hoc meetings as required
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~ Generate pickup report 5x per week
~ Generate pace report on a weekly basis
~ Generate rate strategy calendar inclusive of rate recommendations 5x per week
~ Generate rolling 120-day forecast
~ Generate monthly market segmentation report
~ Generate monthly channel production report
~ Generate annual revenue budget
~ Collaborate on annual Sales & Marketing Plan
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~ Management of OTA relationships & extranets
~ Management of third party/vendor relationships
~ Rate plan management
~ Rate code creation
~ Rate parity management