Hotel Revenue Management

Hotel Revenue Management

Hotel Revenue Management is about selling the right room to the right client at the right moment at the right price on the right distribution channel with the best commission efficiency.

So it is basically about understanding the relationship between supply, demand, pricing and distribution by using different distribution channels to manage demand at the minimum price. Further, Revenue Management is about forecasting the market demands and taking actions accordingly. In a competitive environment, a competent and experienced revenue manager is needed to assure your business’ an optimal revenue. Moreover, the cost of hiring a competent Revenue Manager has drastically increased so a consulting firm like Revpar is a better investment.