Hotel Revenue Manager

Hotel Revenue Manager

Best Solution for Revenue Management

Let us explain to you how revenue manager works when the demand is high or half of your hotel rooms are occupied and others a filling at a fast pace, you can hike the room rates and take advantage of the situation for more profit. What revenue management does is monitor all such factors as the occupancy rate, peak season, upcoming holidays and helps you select the BAR (Best Available Rate) accordingly. As a result, you no longer have to manually conclude the room rate, Booking Hotel.co.in will manage your all the tasks. You can also call it as it’s all in one shop for all your need for bookings

Performance measures of Hotel Revenue Management system

Occupancy Percentage                       Average Daily Rate

Disadvantages of occupancy percentage and average daily rate as performance measures are listed below:

Occupancy percentage and average daily rate are both one-dimensional analysis

Occupancy percentage and average daily rate are both one-dimensional analysis. As a result, neither of these measuring sticks captures the relationship between these two factors and the room revenue they produce.

Decrease in room rates, and ADR

Hotel May decreases its room rates, or ADR, in an effort to increase occupancy. This strategy will improve the occupancy percentage but it will lower the room rates. This will reduce overall profitability. for such a problem Hotel Revenue management is the solution.

Increase in room rates and ADR

On the contrary increase in room rates and ADR may results in the decline in occupancy percentage. This means that some revenue will be lost because rooms that might have been sold at lower rates will remain unsold. Here comes the role of revenue management.

Why Revenue Manager is better performance measure?

Revenue manager presents a more precise measure of performance.  It combines occupancy percentage and ADR into a single statistic. Revenue manager allows the front office manager to use potential revenue as the standard which can be compared with actual revenue.

Key to Successful Revenue Management

To sell the right product   (guestrooms, banquets)

To the right customer (business)

On the right day (weekday, weekend, special days )

For the right price (Rate, Corporate rate)

Benefits of Revenue Management

Improved forecasting

Identification of new market segments

Improved development of short term and long term business plans

Determination of discounting activity

Increased business and profits

Improved seasonal pricing and inventory decisions

Identification of market segment demands

Enhanced coordination between the front office and sales divisions

Establishment of a value based rate structure

Saving in labor costs and other operating expenses

We are going to provide the services

In Hotel Revenue Management System
Competitors Research
We will study the main competitors of the hotel to assess their price positioning in relation to their products offering. Aim at building the Price – Value relationship that the hotel can provide in front of its main competitors.
Promotion management
Promotion management, length of stay pricing per channels, distribution management of the hotel, inventory availability management, rates availability management in periods of low to high demand.
Enlarge the demand
Push forward the hotel on potential distribution channels to enlarge the demand.
Customer satisfaction
Guest Review Analysis to improve customer satisfaction to drive higher conversions.
Payment Reconciliation
Payment Reconciliation for all the Online Travel Portals.
Pricing strategies
Compare the pricing strategies of the main competitors and the hotel

What Do We Offer ?

Analytics
Review your hotel’s key performance indicators with action-oriented insights. Just like increasing your online presence and provide you all the right information by Keyword analysis for Website ranking with best SEO Services
Pricing
Achieve dynamic pricing based on demand, season, a day of week, competition & more. We Study all the aspects related to demands and availability of rooms. and our Marketing manager decides the most effective pricing as well as offers.
Optimizer
Provide the most optimal rate for all 365 days of the year, 24/7. As we continuously track the data and take efforts increasing revenues for your hotel. We optimize all the best for your hotel.