Revenue Management Outsourcing & Consulting
Revfine.com works together with companies who help hotels and resorts owners to grow and optimise their business. If you are interested in outsourcing your revenue management or need advise on how to grow your business, please fill in our contact form.
Outsourcing Revenue Management
Revenue management is a proven concept, based on the idea of using data and analytics to optimise financial results. Yet, capitalising on it fully also requires specialist skills and knowledge. For many hotel owners, outsourcing provides the best solution, because it allows them to benefit from this kind of expertise, without having to hire a full-time revenue manager to work internally, with all the expenses that entails. By outsourcing responsibility for revenue management, you will be able to capitalise on up-to-date knowledge, the latest techniques and cutting-edge technology, helping you to stay ahead of rivals.
Outsourcing is especially beneficial for independent hotels, where evidence suggests it leads to better results, on average, than hiring a full-time revenue manager. Your hotel will be able to adopt a more evidence-based approach to decisions around pricing and distribution, improving the chances of optimising occupancy and room rates in the process. Furthermore, one of the major advantages of outsourcing is that it reduces the workload for your full-time employees, freeing them up to focus on other responsibilities, such as sales and operations.
Consulting Hotel Management
Consulting services can be valuable for hotel owners in a range of situations, providing access to third-party insights on topics like: how to adopt the right approach to revenue management, how to create the right marketing and sales strategy, how to effectively re-brand your hotel, and what to do in the pre-opening stage. Consultants can offer short-term cover or form longer-term relationships with your business and are able to provide a fresh approach to some of the challenges your hotel faces. Gaining an outside perspective can sometimes help you to see things more clearly, as a third-party will not have the same biases, and will have experience in other organisations.
Hiring a consultant is especially beneficial in situations where a hotel has clear goals or objectives, but is unsure about the precise route to travel down to actually achieve them. It is often much more cost-effective than bringing in a new full-time employee and a consultant can also provide more specialised support. Most commonly, consultants are used to attempt to tackle a single project, although success can often lead to them working on other tasks too.