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Revenue Management
LilyPool Hotels can help you to optimize the revenue results of your hotel. We uncover the hidden revenue potential of hotels and resorts.
Our Methodology
We have developed in-house best practices in hotel yield and distribution strategies for any type of hotel or resort properties. We have a long history of growth results with our innovative and proven methodology.
We look beyond only top line revenue, and incorporate cost of distribution into our strategy mix, monitoring both the RevPar and GopPar results of your hotel. Our Yield outsourcing specialists will focus to also optimize the GOP (gross operating profit).
The core components of Revenue Management services are:
- Product mix diversification
- Market segmentation
- Positioning strategies
- Competitor study
- Price benchmarking
- Price structure implementation
- Rate yielding strategies
- Forecasting and budgeting
- Demand management
- Distribution strategies online and offline
- Marketing coordination
- Direct sales stimulation
And we will provide you with comprehensive reporting; to make sure you are fully in the loop and have full insights in the pricing and distribution strategy of your hotel:
- Daily Pick-up Report
- Monthly Analysis Report
- Distribution Strategy Updates
- Weekly Summary Report
We basically handle all revenue management tasks on a daily, weekly and monthly basis on behalf of your hotel business.