Revenue Management Simulation - Xotels

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Information about Revenue Management Simulation - Xotels

Published on July 13, 2009

Author: xotels

Source: slideshare.net

Description

Hotel revenue management simulation training course.

Fast learning in a realistic environment with computor simulation training by Xotels.

Revenue Management has changed …… dramatically

Yesterday’s data analysis, forecasting, pricing, pace, and inventory control …… have new partners these days: Demand Management - Asset Management - Owners Priority Internet - Search Engine Optimization - Market intelligence CRM - Channel Management - Displacement - Benchmarking Total Hotel Revenue Management …… to mention a few

Question …… So how does a Revenue, Marketing, Hotel or Asset Manager dial up to today’s revenue optimization?

ANSWER …… by training in a competitive, real-to-life, real time, internet based revenue optimization simulation. REVsim ™ Real Learning - Real Fast

Call it game theory, or call it whatever you want …… it’s real, roll up your sleeves learning, you can use tomorrow in the real world. It’s worth a million. REVsim ™ Real Learning - Real Fast

It works the way you do ……  Collect data, hotel, and market information.  Make a plan.  Implement it.  See the results. And do it while competitor hotels are trying to take your lunch. REVsim ™ Real Learning - Real Fast

Here’s a quick and quiet tour of REVsim ™ … 2 minutes

When you log in your team is entering a competitive market, where your revenue management decisions, and those of your competitors, interact in real-time, and with real-to-life results.

STEP 1: Collect information about the hotel and the market

STEP 2: Summarize your findings and make a strategy for next month.

STEP 3: Work with your Marketing and Accounting office to help shape investments that will help your pricing and and revenue strategy become reality.

STEP 4 : Set your prices for next month by segment and channel.

STEP 5 : Review the results of your decisions, starting with the Monthly Profit and Loss Statement.

STEP 6 : Then review the detail statistics looking for ways to improve your position next month.

STEP 7: Keep one eye on where you are relative to the competition.

STEP 8 : See your key statistics over time.

STEP 9 : See your key market indexes over time.

STEP 10 : See what segements and what channels are producing for you over time.

STEP 11 : See how your prices compare in the market over time.

STEP 12: At the end of the simulation compare results with other teams and learn from their strategies.

Revenue Management Simulation innovative training in a realistic environment two days hands on, to improve your skills there is nothing else like it ...

REVsim ™ Real Learning - Real Fast …… strategic + big picture training course + 34 931 855 791 seminars@xotels.com

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