Revenue Strategy Tool (RST) TM
Driving results involves having the right information at your fingertips. The RST does exactly that by taking your detailed data from your PMS/CRS, Rate Intelligence provider, and other sources to better understand demand patterns and predict levels of demand in order to assist in pricing and mix considerations.
This very robust tool works behind the scenes to keep you up-to-date on changing patterns, competitor pricing, and overall demand conditions at the subject hotel.
Key Features of RST
Customized to meet the segmentation requirements of your property/portfolio
Demand analysis section allowing revenue team to understand demand on a daily basis with demand influencing events, competitive set pricing, weighted average, and current strategies applied
Price Ranking Analysis:
Importing ranking details from rate shopper tool.
Based on forecast demand & expense related measures the GA will allow the end user to better understand the value of group opportunity
Based on forecast demand & expense related measures the CA will allow the end user to better understand the value of a base contract opportunity.
Full year operational forecast comparisons against budget, last year, 5-year, original forecast or updated forecast.
Mix of Sales Analysis:
Analyze mix of sales for a self-defined time period by day of the week, weekday, weekend, and peak days of demand.
Group and transient pace analysis section.
Enables an easy way for your financial system to interface with this tool and update top line revenues.
Several key measures such as sell-out efficiency, transient and group rate efficiency, forecast accuracy, peak and shoulder night efficiency tp name a few can be added to this tool.
We custom build other key analysis and measures that are important to your specific needs.