Core area of outsourced revenue management
Outsourced Revenue Management
Six core topics and other aspects await you in your personal consulting project
A brief insight into the process of your personal consulting project
Development of modern pricing strategies
Review of your rate & product offering and comparison with the market, as well as determination of possible sales potential by changing/converting the status quo (price, market and distribution strategy)
Market & competitor analysis
Analysis of your direct competitors and their market position at: Valuation / Price / Offer / Marketing & Channel level, with the aim of becoming the top dog in terms of market performance (see Performance Quartet)
Group displacement analyses
Profitability calculation of your group requests for e.g. private occasions, events, trade fairs and much more, with the question "Is this group worthwhile and, in addition, in direct comparison to your individual business on a:
1st instance: Sales comparison
2nd instance: Question, is this group worthwhile for me or am I displacing better business?
1st instance: Sales comparison
2nd instance: Question, is this group worthwhile for me or am I displacing better business?
Optimization of distribution channels
In-depth analysis of your online sales channels in terms of turnover / costs / profit, as well as optimization of the individual streams, with the aim of improving eNetRevenue results
Forecasting & budgeting
Introduction of modern forecasting methods and support for market segment-oriented budgeting for better future planning, with the aim of early action instead of re-action
Event & Demand Calendar Setup
Preparation of an event & demand calendar tailored to you and your location, as a basis for optimized pricing, with a competitive advantage and expansion of your market & sales performance
Outsourced Revenue Management
Core area Digital Transformation
Your hotel positioning
Hotel audit project process
"A brief insight into the process of your individual hotel audit"
In a personal audit with you on site or online, we analyze the status quo of your hotel. This then forms the basis for the creation of an action plan and the evaluation of performance measures.
Phase 1
Hotel Audit
Completion & aggregation of all figures I Data I Facts of your company for a detailed overview of the status quo. This can be done either in advance or together on site.
Your ascent begins here
Phase 2
Analysis of the hotel audit
Together on site or via Skype, we evaluate the hotel audit and formulate a strategy based on your wishes and my recommendations, as well as the urgency of the situation.
Data analysis process
Phase 3
Preparation of the Action Plan
Based on the analysis and priorities, we now draw up an action plan with corresponding time components and milestones for the successful implementation of the measures.
Creation of your timetable
Phase 4
Control and fine-tuning
With the time milestones, we regularly monitor the success of the measures and can therefore make improvements at short notice or continue the measure in line with expectations.
Control & accuracy are required
Phase 5
Evaluation of the measures
Once we have achieved our timetabled action plan, we evaluate the results according to the predefined goals / expectations and can now tackle further measures or improve old patterns.
Evaluate & draw conclusions
Phase 6
The endgame
Repeat this procedure until you are the top dog at your location or have sold the maximum rate to every guest at all times at maximum capacity.
Moving up is easy
art remains at the top
SAAS SOFTWARE AS A SERVICE
Revenue Management System
Outperform RMS
Outsourced Revenue Management
Revenue management is a strategic method for optimizing revenue from room sales and other services. It is based on analyzing demand, price sensitivity, and market trends to communicate the right prices to the right customers at the right time.
The goal of revenue management is to maximize occupancy and increase revenue per available room (RevPAR). This is done by applying various pricing models, such as dynamic pricing, which is based on current demand. Factors such as seasonality, local events and competitive prices play a decisive role.
Additionally, revenue management includes segmentation of the customer base to develop different pricing strategies for different audiences. For example, business travellers, holidaymakers or groups may be offered different prices and packages.
Effective revenue management requires the use of data analytics and technological tools to identify trends and patterns in booking behavior and respond quickly to changes in the market. This allows hotels to adjust their sales strategies and increase profitability.
The goal of revenue management is to maximize occupancy and increase revenue per available room (RevPAR). This is done by applying various pricing models, such as dynamic pricing, which is based on current demand. Factors such as seasonality, local events and competitive prices play a decisive role.
Additionally, revenue management includes segmentation of the customer base to develop different pricing strategies for different audiences. For example, business travellers, holidaymakers or groups may be offered different prices and packages.
Effective revenue management requires the use of data analytics and technological tools to identify trends and patterns in booking behavior and respond quickly to changes in the market. This allows hotels to adjust their sales strategies and increase profitability.