Revenue Management Consultancy
Revenue Management Consultancy
The concept of revenue management has not changed. It is still about selling the right room to the right client at the right moment at the right price through the right channel. While hoteliers often understand the concept fully, a lack of time, resources and strategy often means this critical function can become secondary to operational issues.
Our revenue consultants have a proven track record in increasing room revenue for our clients. Our team will help you uncover the hidden revenue potential of your hotel. Through best practice methodologies, strategic techniques and in-depth knowledge of distribution, we will optimise the potential of every room sold leading to increased revenue and lower distribution costs.
Benefits of consultancy
Consultancy with Rate wise
Rate Setting & strategy
Practical advice and implementation of a rate strategy using Rate Wise Software. No guess work! We use data to make decisions.
We review and ensure you are making the most from the technology you have. Creating a more efficient process for your team.
Review of your business performance, displacement analysis, distribution, book direct strategy and OTA account management.
Helpful advice from industry experts. Do I need to be represented on GDS? How do I stop OTAs from undercutting my rates? Should I take corporates in the high season?
Market intelligence & benchmarking
We analyse and use different market sources to help identify opportunities for growth for your business. Then we implement it.
A dedicated, experienced account manager in Rate Wise to guide you every step of the way. Detailed monthly reporting on past and future performance.
Lets get Started
We can’t wait to begin working with you on your revenue strategy! Get in touch with us today to get started.
Frequently asked questions
What is a revenue management consultant?
Our revenue consultants provide an outside perspective and specialised expertise. The first step is to gain an understanding of how your organisation operates and then determine what steps can be taken to maximise performance or results. Our team will review your current rate strategy, historical data, and provide advice on how to maximise revenue. Together, we will grow your hotel to its full potential.
How often do you communicate with us?
You will receive daily guidance and advice from your dedicated, experienced account manager. Your account manager will oversee your hotel's revenue management function, ensuring all decisions are implemented quickly and they will continuously review and update actions. Each month, we will review your previous month's performance and forecast your future performance. This information will be used to make an action plan for the upcoming months. Both parties will have clear goals set for the following months ahead.
What you need to communicate with us?
The relationship we build with our clients is very important to us at Rate Wise. As our monthly hotel performance reviews are detailed, we primarily communicate with your hotel's decision-makers.
I am concerned about sharing my data. How can you reassure me?
Here at Rate Wise we acknowledge that we have a responsibility to maintain the confidentiality of all proprietary or confidential information or data developed by Rate Wise or disclosed to us during and after its appointment. An agreement of confidentiality will be signed by each party.