Revenue Management Consultant
Independent Hotels | Independent Motels | Vacation Rentals
Revenue Management Consultant
Independent Hotels | Independent Motels | Vacation Rentals
Revenue management matters
From the smallest bed and breakfast property to the biggest hotel in town, revenue management represents a crucial component to daily operations. Hotels with poor revenue management tend to underperform compared those using revenue management services and techniques. This means hotels that lack revenue management services lose money.
Today's market is more competitive than ever, as guests have multiple stay options at any destination they would like to visit. In addition, there are multiple hotels and platforms competing to secure bookings. On top of the challenges just mentioned, we are also dealing with a new world due to Covid-19, which hurt the hospitality industry severely. Now mistakes can cost a lot of money, as there is less room for mistakes.
Here at Lodging Forward, we provide full and limited service to hotels, motels, and vacation rentals. We believe that small and mid-size independent hotels also deserve affordable revenue management services. As revenue management continues to gain ground in the hospitality industry, these services are becoming more essential. Asking a property to give up 3% to 10% of their room revenue is a big sacrifice, and the traditional “all-inclusive” revenue management service does not suit every hotel's needs.
Our team cares about your property. We perform deep evaluations to determine the areas where your hotel needs help. Based on the evaluation results, we suggest one or more packages from our list of fixed rate packages to help your hotel improve and grow. Our packages are designed to make revenue management accessible to anyone and help the client save on cost.
Leave the pricing analysis, market trends, and room revenue projections to us. We will take care of your property as if it was ours. Our main goal is to help you drive higher chances of conversion and maximize room revenue. Revenue management for hotels motels and vacation rentals. Be part of the LF family today!
The lf method
Evaluate
Evaluate
Evaluate
Detailed evaluation of your hotel and conversion activity.
Identify
Evaluate
Evaluate
Pinpoint areas of opportunity internally and externally.
Plan
Evaluate
Execute
Create a strategic plan to drive chances of conversion rate and increase placement.
Execute
Execute
Execute
Implement the strategy across all channels accordingly.
Analyze
Execute
Analyze
Review results to determine market response and effectiveness.
Improve
Execute
Analyze
Determine adjustments needed while continuing to implement successful strategies.
Our Expertise
Coherent Room Pricing
We perform a deep evaluation of your daily rates and premiums and suggest the necessary changes to increase chances of conversion and maximize room revenue. To do this, we look at market behavior, historic performance, competition rates, guest rate response, and expected growth.
OTA Management
We have strong relationships with multiple OTAs. We know the ins and outs of these platforms. Our experience has allowed us to develop effective strategies to increase placement and visibility for hotels.
Room Revenue Projections
More than ever, having an estimate of what to expect in terms of room revenue is crucial for operations. We create 30/60/90 forecasts based on multiple important factors. Our forecast effectiveness is 98% on average.
PMS/CRS Management
We have extensive experience with multiple CRS and PMS systems. If the revenue and reservation functions of these systems are overwhelming to you and your staff, we can take care of that. We will operate these systems to ensure rate parity and correct inventory availability.
& Much More
technology experience
PMS
PMS
PMS
- Opera PMS
- Synxis PMS
- Skytouch
CRS
PMS
PMS
- Windsurfer
- Travelclick
- Siteminder
- Synxis CRS
RMS
PMS
Other Systems
- Duetto
Other Systems
Other Systems
Other Systems
- OTA Insight
- Rate 360
- Demand 360
OTA Extranets
Other Systems
OTA Extranets
- Booking.com
- Expedia.com
- Hotel Tonight
- Airbnb
- And many more
Want a free consultation?
Frequently Asked Questions
Please contact us if you cannot find an answer to your question.
First, we need to perform a property evaluation and pin point the property’s strengths and areas of opportunity. Once the evaluation is completed, we will provide you with a detailed report of our findings. The report will include a list of the services we believe will help your property succeed. The evaluation is free.
The cost depends on the services you would like to receive from us. Unlike traditional revenue management companies, we will not ask you for a percentage of your room revenue. We only provide fixed rate packages.
We will need access to your PMS and CRS systems. This will allow us to analyze performance reports and come up with a strategy based on your hotel’s performance. Also, we will need to access your systems remotely, as we will not be present in the hotel.
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