In today’s dynamic hospitality industry, it is very critical to keep up with your competitors. To retain and grow the market share in this competitive market, Revenue Management plays a key role. Firstly, it’s important to understand, What is Revenue Management? Revenue Management is foreseeing the market demand and take actions to maximize profits. Actions could be, Yield Management, Channel Management, Pricing and many more.
As we are aware, Revenue Management is becoming a key department in hospitality industry. It’s not a part time job for a Front Office manager or a Reservations Manager. However, with a sudden demand for Revenue Managers, there is a huge shortage of competent Revenue Managers. Applying the basic Demand and Supply Rule: The cost of hiring a competent Revenue Manager has drastically gone up. At the same time, staff turnover in Revenue Management department has gone up. These two factors are a big risk to your business.
RevTrip India provides solution to both the above challenges. Revenue Management for Hire concept brings in high level of Revenue Management support at a reasonable cost. At the same time, it’s a consistent 24/7, 365 days support to grow your Revenues and Profits.
Our existing hotels have shown a growth of 150-200% in Revenues as a result of strategies implemented by RevTrip India Revenue Managers.
If you are a Hotel Owner or a General Manager and believe that you are not getting your fair share in the market, then, we are the Team of experts to work with to regain and retain your Market Share.