ALIGN THE ELEMENTS OF YOUR REVENUE STRATEGY TO MAXIMISE YOUR OPPORTUNITIES
Effective revenue management begins with a sound strategy clarifing:
- Hotel positioning
- Target market
- Competitor sets
From this essential foundation, pricing, distribution, and hotel strategies can be devised to optimise revenue.
Following the development of the core strategies, Insight | Out assists with the implementation of the appropriate processes, policies, and technologies to help hotels reach their revenue goals.
Our team can offer revenue management support in three ways.
1. Strategic support: Our consultants can provide high level expertise to advise and support your in-house revenue teams on their long-term strategy and day to day operations. This service is a fantastic supplement for properties with in-house revenue management teams that could benefit from additional oversight and guidance.
2. Outsourced revenue management: With this offering, Insight | Out’s revenue experts become an extension of the commercial team taking ownership and accountability of the strategy development and tactical implementation of revenue management. This service is highly impactful and is suitable for properties that do not have an in-house team to manage this critical discipline. We become your outsourced revenue team.
3. Individual coaching: Developing the hospitality industry in the Middle East is part of our DNA, and through individual coaching we support in-house team members in improving skills and ensuring an understanding of policies, procedures, and technologies. This service is suitable for any hospitality employees that need to sharpen revenue management skills
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