Revenue Management

Our Revenue Management consulting and outsourcing services, provide fast ROI and gives you access to the expertise to grow your business.

• Price Optimisation

  Gain a competitive advantage, with a combination of software solutions, tools & strategies to maximise your pricing.

• Inventory Management

  Develop the right strategies to target specific markets over specific periods and the ability to apply the appropriate controls when needed.

• Detailed Reporting & Analysis

  Dive deeper, with customisable and easy to decipher reports. Analyse what’s really going on in your business and where the true opportunities are.

Revenue Management Strategy

Travel Institute can create or boost your revenue management strategies. We can both analyse the numbers in detail and present it to you in an easily understood format, for all levels of management. Revenue Management has become the foundation of any successful hotel. A clear strategy that is continually revisited, optimised and renewed, is needed to identify the top opportunities to maximise potential revenue. 
We can help you gain a competitive advantage, with a combination of software solutions, tools & strategies to maximise your pricing.

Competitive Analaysis

Competitive benchmarking is key to understanding your customers perceived value of your property. We perform in-depth market analysis to ensure the strategies used for your property are always up to date and are as effective as possible. We track potential revenue opportunities such as events or holidays, to ensure each revenue opportunity is maximised. We use industry leading software to track changes in market pricing, in real time. We can capitalise on potential revenue opportunities quickly, by having the right mix of technology, human knowhow and market knowledge.

Inventory Management

Rooms are perishable and can only be sold once per night, so managing what is available when, to who and for how much is imperative in driving the best possible revenue. Effective management of your inventory is a critical factor in the success of any accomodation business.  Driving down costs by securing longer length of stay business or decreasing commission costs by leveraging direct or low cost bookings channels and market segments both assist in growing the profitability of your property. 
Not all of your rooms have the same demand patterns, and this varies throughout each season at your property. Our strategies ensure we manage the demand on each of your room categories, to maximise returns on every room.

Ongoing Analysis and Reporting

Revenue Management is not ‘set and forget’, we ensure that your strategies are constantly being re-visited, optimised and renewed. We continually analyse your data and provide recommendations for improvement, once you approve we roll out these changes for you.
Our detailed reporting looks at your data at a granular level, from many sources, collating this together to provide an accurate top line view of your entire operation. Using your data in its entirety helps us delve deeper and allows us to discover the true opportunities for your property.
We can customise our reporting to suit your needs and can work with a variety of Property Management Systems, Channel Managers, CRS’s, Website Analytics and other data points. 

 

How do we deliver on our promise?

Dedicated and dependable revenue managers

Offering years of experience with some of the largest global and regional brands at senior levels, our dedicated revenue team combines this dedication and experience to bring creativity and innovation to your property. Unlike many consultants, we don’t sit back and let you do all the work. We are passionate about revenue management and enjoy being hands-on to drive results.

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Travel Institute – Revenue Management and Digital Marketing Outsourcing

Solutions for independent hoteliers.

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