What is Revenue Management?
Revenue management is an extremely important concept within the hospitality industry, because it allows hotel owners to anticipate demand and optimize availability and pricing, in order to achieve the best possible financial results.
Within the hotel industry, the widely accepted definition is:
“Selling the right room, to the right client, at the right moment, for the right price, through the right distribution channel, with the best cost efficiency”.
It involves the use of performance data and analytics, which serve to help hotel owners to more accurately predict demand and other consumer behaviours.
Why you need outsourced revenue management service?
With our outsourced revenue management option we are reacting to the shortage of qualified revenue managers in the market and providing a real alternative to hiring your own revenue manager.
We will handle your complete day-to-day revenue management, from pricing, distribution, forecasting, Segment Strategies, Yielding, Group Quotations, Fair and High Demand Period-Strategies and etc.
Just like your own employee, only remote.