Revenue Management Strategies
Revenue management made easy
Great revenue strategies start with a Revenue Manager understanding how every single department impacts their ability to price and in turn, how the price charged impacts every single department.
Revenue Managers sit in a unique position with an over-arching view of every department and the commercial target of each.
This unique position allows them to ‘break down silos’ ensuring that every single team are contributing to a single goal – commercial growth for their property.
Access to great data
Anyone working in Revenue or aspiring to be a Revenue Manager will understand the important role that tech plays in supporting their role.
Right Revenue will do the ‘heavy lifting,’ not only forecasting and making great rate recommendations but also saving your skilled Revenue Managers hours of time each day by ensuring all the key data they need to implement great revenue strategies are right at their fingertips.
Stay a step ahead of the market
Right Revenue can alert you to changes in the market.
Is your corporate business increasing? Has your leisure business dropped ADR? Are you contracting too much tour business? Has your OTA business (and in turn, the commission you pay) increased? Are you now driving direct business successfully?
All of these critical business indicators are visualised in dashboards and reports which can be pivoted based on booked or stay date and then segmented the way you want to visualise.
We ensure that you are always one step ahead of changes in the market, so that you can adjust your own individual strategy.
Right Revenue forecasts accurately
Right Revenue will ensure you never miss an opportunity by forecasting demand every day for two years in advance. We forecast the way you need us to: by segment; by source; by channel, by room type, and by rate type – all with less than a 2% margin of error!
Would you like to learn more?
About Right Revenue
Right Revenue helps independent hotels make dynamic price decisions and grow revenue through smart technology, useful data and accurate forecasting. Founded by Adrienne Hanna, after 20 years Revenue Management experience in the independent hotel sector, Right Revenue provides hotels with a user-friendly solution to a complex problem; therefore ensuring that independent hotels can operate on a level-playing field with the brands when it comes to having a strategic rate strategy.