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Learning Series

How To Revenue Manage 1-4 Hotels

By March 18, 2020April 16th, 2020No Comments

Learn tips about revenue managing when you own 1-3 hotels with Bill, Raj, & Daniel!

Video Transcript:

Daniel: You don’t even really need to think about consolidation at that point, and Raj, you can probably speak to this because you were in this position years ago, but it seems like owners at that point can actually sit at 1, 2, 3, or 4 calls. So, at that point, you don’t really have to worry so much about economies of scale. Is that what you’ve noticed?

Raj: Yeah, at 1-4 hotels, we’re getting on all the calls. So, we’re super engaged. I was just telling Daniel earlier that I was going through every arrival, every departure, seeing who it was. I kind of knew what my strategy was, and I helped direct the brand on how to do the revenue strategy, so super involved. I think there’s three options: you can go with the brand, you can find a partner, or you can do it yourself. But, I don’t think it makes financial sense to in-house your revenue management at that point.