CHILCHILL Hotel revenue management and consulting services company
Our Approach to Revenue Management
Born out of the idea of helping those who need it most, our Hotel Revenue Management consultants work with clients where we can make the biggest impact for the good of their Hospitality business. The mission of CHILCHILL Consulting has always been focused around providing simple, straightforward and affordable hospitality consulting, revenue management support, advice and training to hotel owners and hospitality professionals.
We are very flexible with how we work, and are happy to be as hands-on or hands-off as you need us to be. CHILCHILL Consulting has clients across the spectrum – some who want us to help them get set up with their revenue management strategies, and they take it from there, some who want us to strategize, implement, and manage it all on an ongoing basis on their behalf, and some who prefer some combination of assistance in between.
We imagine a world in which the vast majority of hospitality professionals have access to all the tools, techniques and expertise usually reserved to the top hotel chains, in order to achieve their business goals.
What does CHILCHILL Hotel revenue management and consulting services company Stand for?
Hotel Revenue Management ConsultingWhen setting a strategy for your hotel, you’ll want to start with a few basic steps. How much time do you spend on strategic vs. tactical revenue management?
Hotel Yield Management ConsultingA professional team of expert revenue managers who can offer advice, support and experience to hotels, serviced apartments and hostels in need.
Successful direct booking strategyThe growth of bookings on OTAs and the subsequent commissions charged is an ever-present challenge for any hotelier. We will implement the right strategy for your hotel.
Online Distribution Consulting ( OTAs )Efficiently control your online distribution with our dedicated support team who will set up and maintain all your online travel agencies channels.
Hotels Social Media MarketingYou will be surprised to know most of your bookings could come from these social media channels. We help you create and manage organic and paid campaigns
Pricing & Promotion Review ConsultingCHILCHILL knows the rates and tariffs that are being offered at competitors in your market which provides us to make the right decisions when it comes to pricing.
Outsourced Revenue Management ConsultantsThe Revenue Management Consultants can help you identify the right rate for each room, the right time to sell them and the right promotions to run. This will help you make more money off each room by providing it at the right price at the right time.
Dedicated Revenue ManagerIf you're looking for a way to help your hotel increase its revenue by making sure your customers are happy with their stays, then hiring a hotel a dedicated revenue management consultant might be something worth considering.
Strategic Revenue ManagementRevenue Management Consultants are a crucial part of the hotel business. We are responsible for maximizing your hotel revenue by analyzing pricing, occupancy, and demand to determine the most profitable price point for a particular room.
Revenue Management for hotels and moreCHILCHILL helps hotels, whether they are chains, independent, or complimentary, deliver digital products that give travelers exactly what they want. Our digital experience solutions include hotel e-commerce, distribution management systems (DMS), and white label booking engine programs.
Yield Management Full CapacityOur Hotel Revenue Management Consultants are experts at maximizing hotel revenue. They focus on maximizing the number of rooms that a hotel can sell, and making sure those rooms are sold at the highest possible rate.
Strategic Marketing & Revenue PlanningHotel Revenue Management Consultants focus on maximizing your hotel's revenue by utilizing data analytics and predictive modeling. Strategic Marketing & Revenue Planning are the keys to success.
Hotel revenue management outsourcedHotel Revenue Management Outsourced to CHILCHILL Hotel Revenue Management Consulting company can save both time, and money, especially when it comes to hotels that have more than one property. The staff at CHILCHILL Hotel Revenue Management company, has years of experience in hotel revenue management and can help you maximize your hotel profits by managing your revenue from every angle possible. We provide full-service solutions
Demand forecasting servicesCHILCHILL Hotel revenue management demand forecasting services are a key component of the hospitality industry. We provide a range of benefits for hotels and their staff, including: - Better understanding of customer needs, which allows for more effective marketing and pricing decisions - More accurate occupancy rates and room rates, which allow you to maximize your revenue - Improved customer satisfaction through better service levels
Rate optimization software and consultingRevenue Optimization is the process of using a variety of pricing strategies to maximize revenue while minimizing cost. It is used by hotels, airlines and other travel management companies to set room rates, change prices based on market conditions, maximize occupancy and manage inventory. We at CHILCHILL do the process involves identifying the best combination of rates and rooms to maximize overall hotel revenue.
Data mining and analysisThe first step in creating a revenue management system is to obtain data about how each room type is used during different times of the year. This data can then be analyzed to determine whether changes need to be made in order to increase revenue. For example, if there are more rooms booked during certain times than others, it may make sense for the hotel owner/manager to increase rates during those times and lower them during off-peak seasons.
Marketing and advertisingMarketing and advertising are two of the most important aspects of revenue management. Marketing is the process of attracting guests to a hotel, while advertising is the process of getting guests to come to your hotel. Hotel revenue management helps hotels increase their profits by providing them with data about what their customers want, how much they're willing to pay for it, and when they want it.
Rates & Pricing Strategy analysisTo begin with, it is important to understand the different types of pricing strategies that are used by hotels: 1) Priced-based: The basic concept behind this type of pricing strategy is that you charge customers based on what they are willing to pay for your product or service. 2) Yield Management: This strategy focuses on maximizing profits by forcing customers into making purchases at higher prices than they would normally pay for similar services elsewhere
Working with Hotel Revenue Management, Sales & Marketing experts around the world
Increase in average daily room rate year of year, beside filling the left rooms.
We focus on RevPar, balance between Occupancy and ADR. RevPar is the key.
Market Share index
Hotel market share is always monitored, to ensure your are getting teh right fair share.
REVENUE MANAGEMENT AUDITS
MARKET VS. HOTEL PERFORMANCE OVERVIEW
Check your current Market performance vs you hotel.
COMPETITOR PRICE/VALUE ANALYSIS
Market and competitor set rate, performance, and set the right pricing strategy.
HOTEL PERFORMANCE DEEP-DIVE
Deep dive in hotel performance and mark the weaknesses and strengths
Set the right reporting structure for your hotel, assign tasks, train, monitor.
Analysis to your current distribution channels, suggestion, and boost via channels.
Check your current systems, and get the most of their capabilities and options to improve.
YIELD MANAGEMENT PRACTICES & OPERATING PROCEDURES
Yield management process, practices, current, and suggestions
What do our Revenue Management Consulting partners say about us
So, if you are looking for a strategic Pricing and Revenue Management company to help you create your hotel strategy and revenue management plan, then CHILCHILL hotel revenue management firm is the best solution, they will help and train you on best practices because you are going to keep all work in-house, that’s great.
CHILCHILL has great revenue management consultants to handle all of this work for you, that’s great too.
This company has a dynamic and interactive revenue management model, so I highly recommend them to all hotels that need revenue management consulting.
The team at CHILCHILL was able to provide us with an ROI analysis that exceeded our expectations. We appreciate the hard work, dedication and enthusiasm of the CHILCHILL staff.
I was extremely impressed with the CHILCHILL team. They were very knowledgeable and able to provide a great ROI analysis on our various revenue management initiatives.
I would recommend them to anyone looking for a solid team to tackle revenue management needs. so I highly recommend them to all hotels that need revenue management consulting.
CHILCHILL was a pleasure to work with. I appreciate the time they took to understand our business and our goals. They presented several options for us to consider.
Their expertise in revenue management made it very easy to select them as our partner.