How To Revenue Manage When You Own 50+ Hotels

Learn insightful revenue management tips when you have 50+ hotels with Bill, Raj, & Daniel.

Video Transcript:

Raj: For the companies that are at 50, 100, 150 hotels, first of all, congratulations because you’re doing something right to get there. Right, you’re already forward-looking, and you’re probably already shopping for multiple areas. What systems can I put in place that are talking to other systems that will make my entire company more efficient, and reduce, you know, as a management company of 150 hotels, you’re looking at your overhead, which is a huge cost, and how do I keep that efficient and keep it down, for my operations. So having systems that create those efficiencies, ours helping in the revenue management department, is going to help. You know, turnover is inevitable. When you plug someone new in, how do they get ramped up quickly and across different brands? So, those forward-looking companies definitely need to call us and see how we can help.

Daniel: Well, I was going to mention portfolio reporting, so like how Bill mentioned at the executive level, there’s still reporting solutions that you should be looking at. So we offer that portfolio-level reporting. So, I don’t know if there’s anything you can think of, butI think that’s one thing that we may have missed.

Raj: So, the portfolio-level reporting, to get that, and say you’re at 50 hotels, or a 100 hotels, I could look at a star portfolio rollout, but that’s only giving me topline information and competitive set information. Now, if I want to dig into my business and know what am I susceptible to, what industry is my business in, how much of my business is corporate, how much of it is transient, and then you really get into strategic planning on a company-level.

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