Revenue Management, Yielding Strategies and Pricing Optimisation for your hotel is RevTrak’s largest functional practice. Our consultants and experts have worked with large hotel chains of over 1100 rooms to small independent lodge and motel properties of 5 rooms across New Zealand and South Pacific. We are organised for quick action to regain and improve market share – in spite of market factors – and to trim and shine operations that can make immediate improvement to net results. No heavy language, no long term bonds, no excess costs.
ROI is part of our offer – and all of our history in the field.
What we do
Revenue management audit: We provide full revenue management audit and submit a formal report with recommendations to the client.
Revenue management consultancy: We can act as your business’s ‘expertise’, taking care of all your revenue management, marketing and communication needs. Just like an ‘in-house’ department, we’ll be there to answer your questions, give advice and provide the professional expertise you require – without all those added costs.
Interim revenue management: On occasion, hotels find that they do not have the revenue management leadership they seek, especially during recruitment process. We provide such leadership on short-term basis to ensure that revenue opportunities are not lost or delayed while the client searches for the right Revenue Management candidate.
Hire a revenue manager: It is extremely difficult to find the right skill set for in-house revenue manager. We have strong network of skilled revenue managers across South Pacific and we provide assistance in finding the right hotel revenue management expert to suit the client needs.
Our support to clients
Identifying high impact trends: We pay special attention to the powerful economic forces that are likely to affect the business environment in the hotel industry on short and long term basis. Based on market trends and forecasts, we assess and evaluate client’s current revenue management, pricing, product design, marketing, and sales efforts and formulate of the best directions for moving forward with a revenue optimisation program.
Identifying granular growth opportunities: Our Growth Analyser Tool helps our clients understand the sources of their current growth, and our Strategic Growth Database benchmarks this growth against the portfolios of other competition hotel properties within their region. We carry out an in-depth diagnostic of the opportunities for revenue enhancement and specification of the most effective approach to capitalise on these opportunities.
Innovating at scale: We help clients develop the creative discipline to produce breakthrough ideas that are supported by economically viable hotel operating models and superior execution capabilities. Our Insights to action approach combines hard data with creativity, helping our clients accelerate the innovation process and move from a big idea to a commercial offering—in the form of new products, services, processes — quickly and cost-effectively while minimising risk.
Developing effective business unit strategies: We assess and redesign client’s business processes to support a successful revenue optimisation program. We design, test, refine, and implement their strategies, ensuring they will out-beat the competition. Our innovative client engagement models, including strategy workshops and long-term coaching allow us to support our clients when needed, as needed.
Process Improvement: As required. we assess and redesign client’s revenue management processes and organisational structure to support a successful revenue optimisation program.
Product evaluation: We provide unbiased assessment of the best Pricing/Revenue Management product to meet client’s specific needs, including support throughout the purchase and installation process.
Contact us now for a no obligation free assessment of your revenue management strategies.