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Revenue Management: comprehensive assessment, reporting and outsourcing services

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21 August 2014 at 10:00, by

Revenue Management Innwise

Money boat, Google Plus

This week we will show you how we can become the Revenue Management department for a hotel or chain. Continuing with the optimization of income and maximization of benefits, the Innwise services offer you complete management outsourcing or a reporting and consulting service adapted to the needs of the hotel.

Revenue Service

We take care of the hotel’s daily running.

It is an assessment and reporting service on revenue management strategy. We study, elaborate and implement the best revenue strategy and follow up on it.

Innwise offers the diagnostics and strategy and the hotel is in charge of the operational management.

We do it in four steps:

  • Study the present situation using the hotel’s historic data.
  • Service set up and personalization. Including adapting the processes and parameters to the needed tools for the service to be provided.
  • Definition of the revenue management strategy: Elaboration of forecast, client segmentation, definition of the optimal cannel mix and planning the price calendar.
  • Definition of the revenue management strategy:

1. Daily assessment. Reports are made on:

      • Pick up
      • Hotel compset comparison
      • Daily development of the main indicators (OTB, SD LY, RevPAR, revenue, ADR, % Occupation, etc.)
      • Study of sales through the main channels
      • Study of commission from the main channels

2. On a monthly bases, the hotel receives a full report where the proposed strategy is studied, actions taken during the previous month are evaluated, all the indicators are assessed and new actions to be taken are proposed. In contains information on:

      • Development of indicators
      • Hotel compset comparison
      • Lead Time study
      • Accumulated production by the main channels and segments
      • Analysis and valuation of the sales by direct cannel vs intermediaries
      • Strategy revision and action proposal.

Comprehensive Revenue Service

We bring the hotelier close to global tactics and strategies with Revenue Management, eliminating the learning curve with its associated costs, providing the hotel with a Revenue Management Department.

It brings together all levels of management services: Parity Control + Channel Management + Strategic Reporting. It also follows the competition and issues monthly reports proposing the most adequate actions to take.

If you would like to know more about our service, we invite you to get in touch with our Revenue Management department at revenue@innwise.com

 

Idiso

Idiso

En Idiso somos mucho más que proveedores tecnológicos; nuestra misión es aportar valor a nuestros clientes. Queremos convertirnos en THE GLOBAL HOTEL SALES PARTNER, maximizando los ingresos del hotelero gracias a nuestras soluciones de distribución y comercialización 360º.

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