What is revenue management consulting for hotels?

Revenue management consulting is the process of helping hotels to better manage their revenue. CHILCHILL Revenue management consultants help hotels increase their profits by optimizing the pricing of rooms, food and beverage items, and other services. The goal of revenue management consulting is to ensure that all areas of your business are running efficiently and effectively so that you can maximize your profits. This can be done by analyzing current systems and identifying any problems with them, then creating solutions for those problems within the system itself or by changing how it works.

Why outsource revenue management to CHILCHILL?

At CHILCHILL, we have a proven track record of success in hotel revenue management consulting. We’re passionate about helping hotels maximize their revenue and profits, and are dedicated to helping you succeed. Here are our top 10 reasons to outsource your revenue management to us: 1. We offer customized solutions that are tailored to fit your needs, so you can get the most out of your budget. 2. We have the expertise needed to identify the best options for your hotel’s revenue goals, and we’ll help you develop a strategy that’s right for you. 3. Our team is led by a Certified Hotel Revenue Management Professional (CHRM) who has more than 17 years of experience as a hotelier, so we know what it takes to achieve success in this industry. 4. Our staff is comprised of talented professionals who will work hard for you—and who understand what it means to be an effective consultant in this industry! 5. We pride ourselves on being accessible and responsive when it comes time for us to discuss your project with you or get updates from you about progress being made on our end. 6. Our consultants have been working with hotels for over years and understand the industry inside out. We take pride in providing high-quality service to our customers and we ensure that all our clients are satisfied with the services we provide them. 7. We give you access to expertise in every region of your hotel, so you can get the best advice possible on each aspect of revenue management. 8. Our consulting services are flexible and customizable, so you can get exactly what you need. 9. We have a team of experts who are dedicated to helping hotels achieve their goals through revenue management consulting. You’ll never be a number at CHILCHILL; you’ll always be treated like an individual with unique needs and goals for your hotel. 10. We’ve helped hotels worldwide improve their profit margins by as much as 50%, and have seen the best-performing hotels improve their profits by up to 80%.

How do we increase hotel room revenues?

When you’re looking to increase your hotel room revenues, it’s important to understand the entire process. From the moment someone books a room through the time they check out, each step affects their experience and how much they spend in your hotel. Here’s how it works: The first step is identifying how much you can charge for a room. This is called demand modeling and is done by gathering data from your customers’ stays and comparing it to the market prices for similar hotels. With this information in hand, you’ll be able to set an appropriate price point for every room type on your property. The second step is figuring out what factors affect demand—that is, why people choose one hotel over another. This includes things like location and amenities offered at different locales within a city or town as well as preferences among guests themselves (e.g., some people like to stay near shopping centers while others prefer quiet areas). You can use this knowledge to tailor your marketing campaigns so that they reach those who are most likely to respond favorably when presented with certain offers or promotions (i.e., those who live in cities with lots of shopping centers). Finally, once you’ve identified what kinds of promotions work best for which demographics based on previous

CHILCHILL is a strategic revenue management company

CHILCHILL is a strategic hotel revenue management company that offers digital solutions for hotels. Our team of experts is dedicated to increasing revenue for every business. We use data-driven tools and our expertise to help you maximize your profits by maximizing your occupancy rates, reducing costs and improving the guest experience. We have worked with many hotels of all sizes, from small boutique hotels to large chains, and we are confident that we can help you get the results you need! ChilChill is a strategic hotel revenue management company that helps hoteliers maximize their revenue in a competitive market. As a hotelier, you know that your revenues are directly related to the number of people who come through your doors and spend money. But how do you get those people in the door? ChilChill has the tools and expertise to help you answer that question, so that you can focus on growing your business instead of worrying about whether or not you’re maximizing your profits from each guest.

What services does CHILCHILL revenue management consulting firm offer?

At CHILCHILL, we offer revenue management consulting services that help our clients to streamline their operations and increase revenue. Our experts can help you with everything from basic revenue management to a full-scale analysis of all aspects of your hotel’s operation. We know that every company is different, but that doesn’t mean you have to be overwhelmed by the task of getting your hotel’s revenue management under control. Our team members have years of experience working with hotels across the country and around the world, and we’re ready to come in and help you get the most out of your hotel’s revenue management efforts. We offer a number of revenue management consulting services, including: – Hotel forecasting and modeling – Revenue optimization and maximization – Revenue management training – Revenue management consulting CHECK OUT ALL SERVICES

What are the benefits of outsourcing hotel revenue management?

Hotel revenue management is the process of managing a hotel’s revenue in order to maximize profits. It can be an incredibly complex process due to the many different variables that go into pricing and marketing, but it can also be very rewarding. While most hotels have some sort of internal hotel revenue management team, there are some benefits to outsourcing your revenue management efforts: Reduced costs: By outsourcing your revenue management efforts, you can reduce payroll costs by hiring only those employees you need for your specific needs. Also, outsourcing allows you to gain access to more experienced professionals who have been working in the industry for longer than your current employees have been alive. Better results: An outside firm will have no loyalty to your company; they will do what’s best for them and their client. This means that they’ll prioritize getting results over anything else. They’ll help you identify weaknesses within your current operations and come up with solutions for those problems. More time: With a dedicated team working on your behalf, there’s no need for you or anyone else from within your organization to spend time managing this aspect of your business anymore—you’ll be able to focus on other aspects of running your hotel or resort!

What are the 5 main concepts used in hotel revenue management?

The 5 main concepts used in hotel revenue management are: 1. Revenue Management: This is a process that allows you to manage your hotel’s profit and loss, as well as inventory. 2. Inventory Management: This is a process that allows you to control the number of rooms available for rent and the price at which they are sold. 3. Pricing Strategy: This is a strategy that helps you determine what your customers will be willing to pay for their room when demand is high, and what they’ll pay when demand is low. 4. Rate Optimization: This is a process that helps you find optimal rates based on supply and demand so that you make the most money while keeping rooms booked at 100% capacity. 5. Revenue Optimization: This is a process that helps you maximize revenue by optimizing pricing, occupancy levels, and room yield per night (which refers to how much money guests spend on food, drinks, etc.).

Why is revenue management important in hotels?

There’s a reason why revenue management is one of the most important aspects of hotel operations. Revenue management is the process of maximizing your hotel’s revenue while also ensuring that you’re providing a great guest experience. It sounds simple, but it takes a lot of work and expertise to get right. In this post, we’ll explain: -Why revenue management is important in hotels. Revenues management is important in hotels because it helps maximize revenue by improving the customer experience. Revenue management is a process of analyzing revenue and costs against each other, in order to determine the profit-maximizing price for each customer segment. Revenue management can be used to increase revenue by increasing occupancy rates, reducing the average rate per room night or increasing the percentage of occupied rooms, or both. Revenue management can also be used to reduce costs by reducing staff hours, energy consumption and waste generation. -How to implement a revenue management strategies at your hotel Implementing a revenue management strategy at your hotel is a great way to increase profits. Here are some tips for getting started: -Start with your data. What kind of information do you have on past bookings? What has worked in the past? What hasn’t? -Look at your pricing structure. Are there any holes in it that need to be filled, or ways you can optimize it for greater profitability? -Look at your occupancy rates and how they’ve changed over time. Do you see any patterns there? If so, what do they tell you about where your business is headed and what needs to be done to get there?

How does hotel revenue management improve Ranking & visibility?

Hotel revenue management is the process of optimizing your hotel’s revenue by managing rates, inventory, and other aspects of your hotel. The goal of hotel revenue management is to maximize profits while minimizing expenses. It helps you increase your visibility on search engines and on travel sites such as Expedia or Booking.com. Hotel revenue management allows you to increase the number of reservations at your hotel, which will improve your ranking on search engines and make it easier for customers to find your property. Hotel revenue management is a process that helps hoteliers understand the factors that influence their revenue, and then make strategic decisions to maximize it. Revenue management is not just about collecting more money from guests: It’s also about making sure that each guest receives an experience that reflects your brand’s values. When properly implemented, revenue management can help you improve everything from your ranking on Google search results to how often people stay at your hotel. Hotel revenue management is a very important part of your hotel’s strategy. Your hotel needs to be able to manage its revenue in order to stay profitable and successful. If you are not managing your hotel’s revenue properly, it can lead to problems like overbooking, which means that guests may not get the room they want and therefore won’t be happy. This can also lead to lost money because the room was not rented out at all. Managing your hotel’s revenue will increase your rankings on sites like Google and TripAdvisor because those sites want to give their users the best reviews possible, which means that they need to know that you have a good business model in place.

Why outsourcing hotel revenue management to CHILCHILL?

Hotel revenue management is a critical part of the hotel industry. It’s not just about collecting the rent from the guests, but also about maximizing profit for your business. When you outsource your revenue management to us, you get access to years of expertise in this field. We’ve worked with hotels from all over the world, helping them maximize revenue and profits. We know what works, and we can help you do it too. It requires extensive knowledge of how to manage a hotel’s revenue, and it also requires a way of thinking that can be applied to many different types of hotels. When you outsource your hotel revenue management to CHILCHILL, we’ll take care of the day-to-day details for you—so you can focus on what matters most: growing your business. At CHILCHILL, we believe that you should be able to focus on what’s important—running your hotel, not worrying about the minutiae of revenue management. That’s why we’ve put together a team of experts in the field who can help you make sure that you’re maximizing your revenue and making the most out of every customer. And we’re here around the clock, so if you need something or have a question, we’re just an email away. If you want to take advantage of our expertise and experience, give us a call today!

About

About Us

Your Partner in Revenue Growth

CHILCHILL Revenue Optimization Lab is a leading provider of outsourced revenue management services, specializing in helping hotels and short-term rentals maximize their total revenue. With years of industry expertise, our team of dedicated professionals is committed to transforming your property into a revenue-generating powerhouse.

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.

Our Values

We focus on the most simple and effective solutions

We are honest, open and transparent

We are team players and treat our clients part of our team

We are passionate about travel and hospitality

We believe working together should be fun!

Our Mission

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?

Consulting Concept Solution

Hotel Revenue Management Consulting

When 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 Consulting

A professional team of expert revenue managers who can offer advice, support and experience to hotels, serviced apartments and hostels in need.
Successful direct booking strategy

The 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 Marketing

You 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 Consulting

CHILCHILL 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 Consultants

The 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 Manager

If 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 Management

Revenue 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 more

CHILCHILL 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 Capacity

Our 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 Planning

Hotel 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 outsourced

Hotel 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 services

CHILCHILL 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 consulting

Revenue 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 analysis

The 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 advertising

Marketing 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 analysis

To 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

39%

ADR Improved

Increase in average daily room rate year of year, beside filling the left rooms.

63%

RevPar increase

We focus on RevPar, balance between Occupancy and ADR. RevPar is the key.

100%

Market Share index

Hotel market share is always monitored, to ensure your are getting teh right fair share.

REVENUE MANAGEMENT AUDITS

1

MARKET VS. HOTEL PERFORMANCE OVERVIEW

Check your current Market performance vs you hotel.
2

COMPETITOR PRICE/VALUE ANALYSIS

Market and competitor set rate, performance, and set the right pricing strategy.
3

HOTEL PERFORMANCE DEEP-DIVE

Deep dive in hotel performance and mark the weaknesses and strengths
4

REPORTING STRUCTURE

Set the right reporting structure for your hotel, assign tasks, train, monitor.
5

DISTRIBUTION

Analysis to your current distribution channels, suggestion, and boost via channels.
6

TECHNOLOGY SETUP

Check your current systems, and get the most of their capabilities and options to improve.
7

YIELD MANAGEMENT PRACTICES & OPERATING PROCEDURES

Yield management process, practices, current, and suggestions

What do our Revenue Management Consulting partners say about us

Clients Feedback

Hotels Revenue Management Consulting firm

Amanda Seyfried

CEO,

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.

Debbie Kübel-Sorger

General Manager

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.

Donald Simpson

Hotel Owner

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.

Cintia Le Corre

Hotel CEO

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.