Service
Revenue Management
It is all about increasing the Financial Top and Bottom Line Results of Your Hotel!
VASP Hospitality’s main aim is to drive the highest profitable revenue and maximize ROI using Revenue Management Strategies, resulting in the continuous growth of VASP Hotels and Resorts.
- Right Customer at Right Price at Right Time - What is Revenue Management, so the answers is, selling the right room to the right client at the right moment at the right price in order to generate more revenue for the hotel or resort.
- Future Proof Pricing Strategy - VASP Hospitality helps you to do strategic pricing so you get more bookings and market share.
- Strategic Selling Strategy - VASP Hospitality provides essential online and offline strategies to increase your hotel room sales.
- Strategic Inventory Allocation - VASP Hospitality helps you to save the most perishable item in your hotel or resort – THE ROOM.
- Data Management - For most businesses, the single most valuable category of data is customer data, often collectively managed through a customer relationship management (CRM) system. However, managing a customer database can be challenging, and maintenance becomes increasingly complex as the organization grows.
- Forecasting - A basic forecasting is better than none. It is the path to market and customer knowledge. It reinforces your pro-activeness in terms of inventory and rate management.
- Focus RevPAR - Hotels need to understand that it is not high occupancy but a high RevPar that they should be targeting. 100% occupancy with a low room rate is not a great achievement. It is important that a hotel has a strong occupancy without compromising on its Average Daily Room Rate (ADR). This is the main indicator of whether the hotel is doing well or not.
- Create Hotel Policies - VASP Hospitality help hotels and resorts to create advance policies that will help them in the long run.
- Create Rate Fences - Fences are rules that apply to the hotel’s best available rates. Meaning that to book a certain rate, there will be specific conditions that will apply to your reservation. Hotels use rate fences as part of their yield strategy and to optimize their revenue results.
- Demand Calendar - VASP Hospitality helps you to create a demand calendar, which is the first step before budgeting, and it will also help you make informed pricing decisions based on solid data and statistics.