Published on July 13, 2009
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 email@example.com
The Xotels Group is an innovative hotel management services company. Our firm drives both top and bottom line results for hotels and resorts.
Before following a hotel revenue management seminar or online training course, you should read the Free Xotels RM manual.
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