Revenue Management
High Level Process
Based on our understanding of your requirements, below is a high-level process steps that will be followed.
Data Collection
Based on the flexibility, System access and feasibility of data mining from various platforms like PMS, CRS, RMS, Channel Manager, CRM etc., we will develop the data requirement and data delivery process.
Data Validation
Since we will be working with various data sources with different data conditions, it is critical to carry a data diagnosis to eliminate the noise in the data.
Data Analysis
Based on individual property needs and requirements, we can develop and deploy various reports from a Daily Yield Report, Pricing report, Pace Report, Competitors Intelligence and any AdHoc Analysis can be carried out with ease.
Reporting structure
Reports are provided on a daily, weekly and monthly basis and includes three main reports as explained and illustrated below.
iSell Report
Daily report focusing on next 90-day booking window. A tactical tool that provides insights in relation to factors such as Business on the books, Rooms Available to Sell, Day to Day Pickup, Special Events, Competition Pricing and more.
iReview Report
This is a weekly report focusing on the next 365 days. This is more a strategic tool that provides insights into factors like Business on the Books, Rooms Available to Sell, Channel Production, Weekly pickup details, Hotels pricing and more.
Forecast/Pickup Report
A Weekly report which provides in-depth detail regarding the current pickup vs forecast vs last year at market segment level and at market segment cluster level. It looks at data such as date range, rooms sold, room revenue, ADR and more.
Monthly Reports
Month End reports are generated to understand the monthly performance; these reports will typically contain information such as monthly production details, day of week pattern, booking pace, length of stay and online channel production analysis.
