Tag: revenue management guide

15
Feb

Building a competitive set for your rate shop

An accurate, relevant rate shop is one of the most important tools that a revenue manager can have in their arsenal. In this blog we’ll share the best ways to set up your rate-shop competitive set!   Here are some of the factors you should weigh when assembling a compset   Proximity – How close are your competitors? As a

8
Feb

What is RevPAR anyway?

RevPAR is the Hallmark index of hotel revenue management because it is all encompassing; RevPAR incorporates both occupancy and ADR into one, easily digestible number.  The RevPAR, or Revenue Per Available Room equation is as follows:   Room Revenue / Rooms Available for Sale = RevPAR or Occupancy % * ADR = RevPAR    RevPAR is so useful because it

8
Jan

Pricing Models 101 – Revenue Management Guide

Pricing Models   There are multiple pricing models currently in use in the world of revenue management.  Each model has its benefits and drawbacks and while there is no ‘best’ pricing model, each one is fascinating to learn about and helps develop your analytical thinking and problem solving skills as a revenue manager.          Traditional Model (“rate

16
Dec

2020 Roundup: RevGEN Learning Series! (Shareable Revenue Management Guides)

Throughout 2020 we shared lots of one-page learning series to help you learn more about revenue management, but also tips and tricks on how to maximize your revenues. Just in case you missed any, check out this compilation of everything we put together!   In December we showed you how to boost ancillary revenues at your hotel:      

3
Sep

Revenue Manager Cheat Sheet – Government Rates

Have you ever needed a guide that you can share with your front desk teams to help them improve coding and be more confident when offering the various government rates? If so, then share this guide on your next revenue call to help clear things up!   Click here to download a pdf of our Government Cheat-Sheet   In case

27
Aug

Government Per Diem Tips and Tricks

  Don’t forget to look forward and get your hotel set up for success for 2021! The new Government per diem rates for 2021 came out last week and you want to make sure that your market didn’t make any big changes. If rates have changed and you did not check the new rate structure, you could be missing tons