Today's Revenue Management thought:-
Back in business after a 5 day Easter break.
With 10 weeks until the summer holidays start, we have 10 weeks where we have opportunity to shine as revenue management experts.
Historically the months of May & June tend to be busy for most major destinations, with high demand from all segments (Business, Leisure & Group / Convention.
Please remember to ensure your distribution strategies are in place, and that your pricing startegies are top tuned. Re-evaluate your demand forecasts and have a deep look into what you competitors are doing. Cross check with operational departments that they are clear about upselling & upgrading opportunities. Identify opportunities where you can “package” your properties services to increase overall revenues.
How do you intend to shine, are there any tips you want to share?
Have a profitable week.
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