Oh my, revenue management has evolved and is changing at the speed of light. It originated from a mathematical sales model within the airline industry, and made its way into the hospitality industry as Hotel Revenue Management in the 1990’s. Whether it be about forecasting, inventory control, booking or more, many mid-sized and small hotels are trying to better understand their revenue and grow it. Today, hoteliers need to understand costs and revenues associated with length-of-stay controls, booking curves, predict demand, and learn how demand influences other organizational functions, monitor a revenue management strategies, minimize costs and mitigate customer impact. Easy! No problems, right? In light of these ever changing requirement, we’d like to support you. How can we help you with your revenue challenges? Contact us
