Yield and Revenue Strategies
Yield management is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, perishable resource (such as hotel room reservations or restaurant inventory). As a specific, inventory-focused branch of revenue management, yield management involves strategic control of inventory to sell it to the right customer at the right time for the right price. This process can result in price discrimination, where a hotel charges customers consuming otherwise identical goods or services differing prices for doing so. Yield management is a large revenue generator. There are three...
Starting a hotel as a business can be a challenging but profitable undertaking. Whether you’re foreseeing no-nonsense accommodation for business travelers, high-end boutiques or a comfortable bed-and-breakfast, you’ll want to spend sufficient time researching and planning before taking the dive because there’s plenty of competition. The options for starting a hotel can be overwhelming, so decide early on what type of hotel accommodation you’ll offer: upscale, affordable or budget. Decide whether the hotel business will provide rooms-only service, or whether additional amenities including a restaurant, conference hall,...
Hotel Managers for Hotel Improvements
At HOTEL CONSULT we offer outsourcing service that can cut costs whilst increasing revenue. We can direct your senior management and coach them through the working process while dealing with the daily operations.
We can take care of the often time-consuming daily management tasks. Our team advises and delivers at all stages of your hotel management operation.
By choosing us, as your Hotel Consultation partner, you can be sure of our commitment to securing the smooth operation in your hotel, every day.