Hotel Revenue Management enables hoteliers to take full advantage of the perishability of their hotel rooms, allowing them to maximize the profit that can be generated. In essence, it allows and drives decision makers to make informed choices based on data rather than instincts or guesswork.
Hotels, like many other businesses, have fixed costs, which must be paid regardless of the number of rooms sold and regardless of the amount of money their visitors spend. Therefore, through a revenue management strategy, hoteliers can ensure that both their costs are met, and their prices and services are dynamically optimized.
Our goal in Reveffect:
Optimize your Hotel’s Revenue across all channels
We are passionate about creating innovative solutions to help the hotel industry.
Our team consists of dynamic professionals of hospitality and technology, who, although already successful, continue the effort towards finding a different and better way to do things.
Times have changed, and the hotel industry needs to change if it wants to remain profitable. Revenue Strategy Management concerns active coordination of Sales, Marketing, Distribution, Revenue, Loyalty, and all those who are part of the revenue generation- in order to grow profits.
Revenue management measures more than two decades in the hospitality industry, but if it does not evolve, hoteliers will simply “arrive” instead of thrive. Demand and rate management are no longer sufficient to combat the increasing costs and complexity of distribution.
If you do not have a comprehensive strategy to optimize revenue in this unlimited competitive and ever -changing environment, your hotels will struggle to race, competing exclusively in prices and discounts.
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