• Define check points for revenue analysis. Typically we can do this every week, or every 2 weeks.
  • Define growth goals, for example we can set it to be 10% over last years real numbers.
  • Check Rooms Remaining to sell, and revenue in books at every point.

If rooms are moving to quick, perhaps your pricing is low.
If rooms are not moving, prices might be high.

Use the following reports for your revenue management.

  • Room Available | Room Sold Report or Between Dates Room Sold | Room Available Report Group By Room Type
  • Booking Curve Summary
  • Monthly OTA Reservation Report
  • Specifically look at peaks and lows in the competition rate analysis tool

 

Inline image 1