Revenue management refers to the strategic distribution and pricing tactics you use to sell your property’s inventory to the right guests at the right time, to boost revenue growth. It is vital to the success of any guesthouse or hotel to monitor this as often as possible. Our team provides clients with the peace of mind that their rate strategy has been taken care of and that they are as competitive as possible in their market.
The service includes weekly reports outlining the following:
• Competitor rates for the next 4 weeks
• Competitor active promotions
• Current market demand
• Comparison with properties rate strategy and occupancy
• Suggested promotional campaigns
• Consultation with client regarding suggested strategies and implementation on relevant channel manager and OTA’s
Revenue Management should ideally paired with OTA/Listing site Management but can be quoted on separately.