ChilChill will develop monthly rate strategy sheets with the following objectives: Day by day pricing strategy for one year will be shown (price value per length of stays day by day will be recommended) Pricing strategy per channels of distribution Yield strategies with L.O.S. restrictions on peak periods Travel Packages for honeymooners, family and couples travelers.

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!

Revenue Management Consulting Service

Passionate & Experienced Revenue Management Consultants

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Hotel Revenue Management consulting

Revenue Management Consulting Service

ChilChill.com is a global leader in hotel revenue management consulting firms, and with our remote revenue management consulting services we help independent hotels increase their Sales & profit, connecting them with the right agencies and guests.

Our consultancy models are here to help you reach the optimal level of performance, in both profitable revenues and revenue management techniques. Whether you already utilize revenue management or you want to start applying it now, you have found the right partner.

Our international revenue management outsourcing consultants have an extensive experience in both the hospitality travel & tourism industry, and leave no stone unturned to uncover the hidden revenue potential of your hotel, to increase your bottom line profit. We have a strong business development DNA, and aim to challenge the status quo.

Get the best Segment business mix

Learn how to develop a direct hotel booking and internet marketing strategy, to reduce OTA commissions and 3rd party reservations

Revenue Management has proven to be an essential tool for hotels since its introduction in the 1980s. With the possibilities of modern technology it is now changing faster than ever.

Our Revenue Management Consulting Service

Every hotel faces unique as well as common issues on a daily basis. Technology advances have enabled hotels to make enormous strides in sophistication, and your competitors are benefitting from this too. Hoteliers are thus facing a complex myriad of emerging issues in the face on increases in supply and fluctuations in market demand.

Our consulting services help hotels to make rapid, yet carefully thought out and researched, improvements in Revenue Management implementation, Commercial Strategy Development and Reservations Distribution Technology:

Examples of Consulting Services:
- Activation or rejuvenation of hotel Revenue culture.
- Revenue systems selection and implementation
- Change in Rates and Pricing structures
- Business Intelligence analysis and strategy development
- Pre-hotel and re-branding support
- Revenue tools creation

How We add value to your Hotel Revenue Management

01 Experienced Revenue Management Consultants

Outsource your daily revenue management activities with ChilChill to optimize your results and maintain the best pricing strategy.

02 Increase Hotel exposure, direct booking

Our team of experts will increase your hotel exposure online, resulting in more direct bookings and reduced commission costs.

03 Your hotel business is ours, we care

We take our combined experience and apply it to your business with a customized approach. We know that every property and every client is unique

04 Experienced in Hotel Revenue Management

Outsource your daily revenue management activities with ChilChill to optimize your results and maintain the best pricing strategy.

05 Experienced in Hotel Revenue Management

Outsource your daily revenue management activities with ChilChill to optimize your results and maintain the best pricing strategy.

06 Increase Hotel exposure, direct booking

Our team of experts will increase your hotel exposure online, resulting in more direct bookings and reduced commission costs.

07 Your hotel business is ours, we care

We take our combined experience and apply it to your business with a customized approach. We know that every property and every client is unique

Looking for a First-Class Revenue Management Consultant?

Executing projects to improve your performance.

Based on your identified needs, we will help you with our knowledge and expertise to execute projects targeted to exceed your goals. This could be anything from enhancing your online distribution, optimizing your revenue management system, and improving your fair and event strategies among many others.

We will set goals and timelines and continuously monitor and control the steps forward, ensuring the success of the project.

Optimising your existing revenue management strategies.

The revenue management audit aims to optimize your current revenue management strategies. In a thorough 3 step analysis we will identify one or several key areas with potential revenue opportunities and areas for improvement, all focused on bottom line impact.

Once the areas have been identified, we will define specific projects with you to move forward with. For example, it could be an implementation of new forecasting procedures, an update of your public pricing products and a new segmentation strategy, and many, many more.

Each project will have its own timeline, milestones and targets. After successfully completing a project,
we offer follow up coaching to make sure that things continue to run in accordance with the set targets and expectations,
and help you adjust the course if needed.

Getting you started with the right revenue management

Whether you are in the pre-opening phase or you want revenue management to become part of your existing business, correctly implementing revenue management from the beginning is essential. Crucially, it needs to be tailored to the needs of each individual hotel. Factors such as your target group, location and market demand generators are all vital parts to consider when implementing your revenue management strategies.

We will navigate a well-designed process together to make sure we get it right from the beginning. To begin with, we need to understand your hotel’s processes and needs, before evaluating the competition in order to position your hotel correctly in the market.

Moving forwards with segmentation and strategies, we provide you with the necessary tools, knowledge and processes to execute these and reach your targets.

We will continue to monitor your performance
and offer follow up coaching to make sure things are
moving in the right direction.

Competitor Evaluation

Our Revenue Management consultant team will study the main competitors of the property to assess their price positioning in relation to their products offering. ChilChill will build a report comparing the strengths and weaknesses of the main competitors and the business. The report will aim at building the Price – Value relationship that the property can provide in front of its main competitors.

Moving forwards with segmentation and strategies, we provide you with the necessary tools, knowledge and processes to execute these and reach your targets.

We will continue to monitor your performance
and offer follow up coaching to make sure things are
moving in the right direction.

Hotel Price Benchmarking

We will benchmark and compare the pricing strategies of the main competitors and the property. The study will look at the public prices but will also try to pinpoint negotiated rates such as FIT and corporate rates. The study will look at a year period: day by day pricing by length of stay. The benchmarking will show how the business is priced competitively and create or revise the pricing grid.

Seasonal Pricing Strategy Grid

Upon the benchmarking studies, ChilChill will review the existing pricing grid or build a new one and recommend pricing strategies to stimulate the demand. Both public prices and negotiated rates with multiple length of stay will be assessed and recommended. Pricing will be recommended per period of demand: low to high periods. Negotiated corporate rates will be reviewed in relation to the production and distributor partners. The sales team input will be needed.

Bulding your hotel Demand Calendar

ChilChill will review the demand calendar, or create one, and analyze strength of demand day by day per period (with or without events), in view of day by day rate strategies.

Hotel Forecasting Model

ChilChill will build market segmentation for the business and create a forecasting model to ensure that existing demand for each individual segment will be targeted most effectively in terms of marketing, sales and pricing strategies.

Rate Strategy Sheet

ChilChill will develop monthly rate strategy sheets with the following objectives:

Day by day pricing strategy for one year will be shown (price value per length of stays day by day will be recommended)
Pricing strategy per channels of distribution
Yield strategies with L.O.S. restrictions on peak periods
Travel Packages for honeymooners, family and couples travelers.

Rate Loading

We will also review or build the rate loading and the rate management through all electronic distribution channels to ensure that all prices including corporate and travel buyer rates are correctly shown and bookable. Two meetings are planned before the start of implementation:

Meeting at the start of the project with first phase of assessment and meeting with the team
Final presentation meeting with the pricing strategies and tools

Online Distribution Strategy

We will develop the implementation of the suggested action plan. As the main challenges based on current occupancies seem distribution and pricing oriented ChilChill will focus on getting the required results. This includes contracting online and offline distribution channels.

OTA Contracting and commission discussion.
Contracting a large amount of international travel agencies interesting in your destination.
Control the allotment sent to all the contracted agencies.

Training

Very important part that help increasing your revenues is to provide your reservations department with the know-how to sell, the ChilChill reservations training program is delivered via an on-site training experience, as hotel reservations is a revenue-generating department and considered number one contact with your customer prior, during and after arrival.

Rate Parity Control

While rate parity ensures that you have complete control of setting the bar for your room rates and ensure equal prices across all distribution channels, but it destroys your chances to compete freely in the market and also makes you lose a voluminous amount of potential revenue as massive commissions to the OTAs. Our Revenue Management consultant team will help you control it.

Revenue Management Consulting Service

Hotel Revenue Management consulting

Revenue Management Consulting Service

Get the best Segment business mix

Our Revenue Management Consulting Service

How We add value to your Hotel Revenue Management

01

Experienced Revenue Management Consultants

02

Increase Hotel exposure, direct booking

03

Your hotel business is ours, we care

04

Experienced in Hotel Revenue Management

05

Experienced in Hotel Revenue Management

06

Increase Hotel exposure, direct booking

07

Your hotel business is ours, we care

Revenue Management Services

01. Audit

Revenue Management Audit

02. Mix

Hotel Business Mix Strategy

03. OTAs

OTA Channels Management

04. Compset

Competitor Set Analysis

05. Packages

Hotel Packages and Promotions

06. Pricing

Pricing Strategy Setup

07. Rev. Calls

Revenue & Strategy Calls

Outsourced Hotel Revenue Management Service,at the right time.

Revenue Management Consultants

The Best Revenue Management Consulting Firm

Revenue Management service for hire

Revenue Management Consultants

Reliable Hotel Revenue Management Consulting Firm

Revenue Management Consultants for hire

Revenue Management Consultants

Here are our top 10 reasons to outsource your revenue management to us:

We offer a number of revenue management consulting services, including:

-Why revenue management is important in hotels.

-How to implement a revenue management strategies at your hotel

What make us The best outsourced Revenue Management Company

40% RevPAR Increase

Experienced in Hotel Revenue Management

75%+ Direct Sales

Increase Hotel exposure, direct booking

9% Above Budget

Your hotel business is ours, we care

35% + Other Segement

Focus on all market segments production

0% Public Rate Parity

Hotel Suffer from rate parity, but you..

98% Forecast Accuracy

Forecast accuracy is a key, we have it

Revenue Manager for hire? Contact us Now

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Outsourced Hotel Revenue Management Service,
at the right time.