Revenue support 24 / 7! Maximize your Revenue Potential!
Revenue Management - More Than Just Rates!
At Total Revenue Services - TR$- we know that Revenue Management is more than just pick up, demand, and rates! Your hotel is unique and there are countless nuances that affect the revenue generation for your hotel. Available via text or email to help you evenings and weekends!
TR$ believes in wholistic approach to revenue management and addresses every aspect that affects revenue generation. Our first step is to review your hotel and the market, your pricing structure and restrictions by date, rate type and room type specific demand. However, we will also audit every aspect that affects your ability to convert lookers to bookers and keep those bookers coming back. Such as competitive benchmarking, online presence, consumer reviews, sales practices, ancillary revenue and more.
DEEP DIVE
Deep Dive:
- Do you prefer to test the waters first? A deep dive is always the first thing we do when you contract with us, but we offer to conduct a deep dive report as a onetime, ad hoc service. We will review your hotel and submit a recommendation report to you. If you decide to contract for ongoing revenue services we will credit this fee back to you through monthly discounts (see Fee and Services page for info)
Deep Dive Consists of the list below but not limited to:
- RMS settings and offsets
- STR comp set, Weekly Star, Forward Star
- Review room type specific demand and price structure
- Review events, high demand dates, seasonality, restrictions
- Review Rate Structure/Discounts
- Competitive rate shopping
- Online Competitive Benchmarking exercise
- Analyze market mix for times with unconstrained demand.
- OTA 3rd party audit for content and placement.
- Group Audit, RFP Audit, Hotel Engine and Hotelplanner
- Black out Dates
- RevPAR improvement recommendation report.
Other Revenue Management Services Included - Shrinking your hotel to maximize transient demand revenues!
- LNR / Corporate contract Renewals -Do you remember to review and increase your contractual rates for Local and Corporate business annually?
- Assisting with how to price and respond to group and corporate leads.- Can you respond within hours? I can audit your offers, set up auto responses in some systems and improve your ability to convert to confirmed business.
- Auditing online information to improve driving lookers to bookers
- Consumer Reviews - What are people saying, what can we improve, what are we doing well that we can advertise better? Are we engaging with your guests?
- Placement and presence on OTAs, Google and AI Searches -
Ancillary Revenues
Get more revenue out of guests that have already booked your hotel!
Studies show that 20% of guests that already booked your hotel will pay up to $50 for upgrades as well as pay in advance for in room water bottles/snacks or other add on options:
- Upsell Programs / CRM/Front Desk, Digital
- Early Check In / Late Check Out
- Add-on - Water, Snacks, Breakfast, Sodas
- GTD Room Requests
Even More Revenue Opportunities:
- Mini Markets/Sundry
- Day Use / Corporate Rooms
- Meetings and Events
- Cabana rentals
- Local area tickets or event offerings
- Parking, Park, Sleep and Fly
- Health and Wellness packages
