REVENUE MANAGEMENT

FOR HIRE

REVENUE MANAGEMENT

CONSULTANCY

REVIEWS AND

AUDITS

TRAINING AND

DEVELOPMENT

REVOLUTION

TEAM

Reviews and Audits

Under the supervision of the REVolution team, with a total of 20 years of experience as guidance – our clients can have us audit their current revenue management practices, distribution strategies and system management.

Given the current economic scenario, combined with a cut throat competition, it is imperative for hotels to be aware of the demand levels in the market and managing their inventory and channels accordingly - and ensuring correct forecasting and realistic budgeting, at the same time.

Revenue Management & Channel Distribution Review is a 2 day review for Hotels and Hotel Groups who would want to get insight and guidance on how their current Revenue Management processes & practices compare to Global Industry best practices. The outcome of the Revenue Management & Channel Distribution Review is a clear defined roadmap to ensure all the revenue opportunities are optimized.

Who needs Revenue Management & Channel Distribution Review?

Hotel Owners or Operators / Hotel Manager who are finding themselves in the following situations will benefit:

  • Feeling that money is being left on the table, but unsure where are the short term and long term opportunities
  • Limited or inconsistent Revenue Management practices
  • Insufficient Revenue Management structure and resources
  • Significant shortcomings in applying basic Revenue Management processes.

Revenue Management & Channel Distribution Review process

  • Detailed 360 degree review of all process affecting revenue.
  • How you are positioned on your brand website & Online Travel Agents channel versus your competitive set, cost of distribution, channel analysis and social media audit.
  • Detailed review of most recent (12 month) transactional data, Property Management System (PMS) or Central Reservation System (CRS).
  • Highlight Revenue opportunities missed, and highlight key areas for quick wins.
  • Detailed report including findings and recommendations on short and long - term opportunities to optimize revenue, performance and profitability.

Further to our 2 day Audit and Review, we can also assist the hotels with:

  • Revenue processes and suggest improvements, as required
  • Pricing Principles and Seasonality
  • Market Segmentation
  • Pricing Strategies, based on each market segment
  • Performance of each of the distribution channel
  • Training needs.

 
 

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