Support-Hotels

This two day package will review your Revenue Management approach to ensure your strategy, pricing and distribution opportunities are maximised. In the challenging economic conditions we are currently experiencing, there has never been a more opportune time to focus on managing your demand levels, setting optimal, market based pricing, increasing your competitive awareness and advantage, and ensuring that your forecast is more accurate than it has ever been!

This Support Package Includes:

Hotel positioning and competitor analysis:
Identify the hotel’s positioning in its market place, key performing segments / products and strategy for growth.
 
Revenue processes, procedures and strategy:
An internal review of the hotel’s revenue driving daily, weekly and monthly procedures. An audit will be carried out to understand the decision making process, reporting capabilities and tools in place to manage revenue / reservations / events effectively.
 
Pricing Principles and Strategy:
Understand the pricing strategy in place for each segment / product, the rationale for price changes and how these are implemented. Identify the hotels optimum pricing strategy for each major segment. Review pricing strategies to ensure they are realistic and effective in the local market place.

Distribution Strategy:
Evaluate the hotels’ distribution structure for each of the main segments and assess the relevant performance. A review of the customer journey for direct, brand, web and TPI’s. Assess if the booking process is effective and accurate. Determine if the hotel has sufficient exposure with local high producing Online Travel Agents?

Client Testimonials

"An extremly worthwhile exercise"

"Total Revenue Solutions were able to tell me things about my business - I didn't even know!"

"It has helped us to plan ahead and understand how wecan gain more market share"

"We have now got a good rate strategy in place and have picked up double the amount of rooms this week than normal"