Hotel Revenue Management Consulting
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Hospitality Revenue Management
Kratos Hospitality provides revenue management strategies to boost their bottom line. Hotel revenue management is typically defined by several interconnected elements, that are:
- Customer Segmentation
- Yield
- Price
Our revenue management consulting firm helps hotels, restaurants, resorts and other establishments achieve their business objectives by helping them identify their target customers.
The Process
The revenue management consulting project includes creating a marketing plan and presenting the business development strategy to the concerned firm. The marketing plan focuses on how best to reach out to the market, where to advertise and how to control costs such as room rates, food and beverage revenues. The business development strategy refers to the strategies used to implement the identified plans.
Why Kratos
We work closely with hotel management teams to identify the appropriate strategies. During this process, our consultants will guide you with a well planned strategy to help enhance the hotel revenues by increasing sales, commission from new transactions and, at the same time, generating revenues from existing customers.
Our expert hospitality consultants identify how to best to reach out to your customers, what forms of advertising to use, what kinds of discounts and what price points to set. Kratos Hospitality advisory result in a more lucrative return on the hotel’s investment and a raise in your hotel’s revenue.