A one-page hotel revenue management checklist. For owners, GMs and revenue managers of independent hotels. Check how you price, who owns the numbers and what you compare them with.
The first 5 points
01If a date sells out more than 30 days before arrival, raise the price for similar dates.Tim Boersma, RoomPriceGenie · listen from 16:05
02Name one person who owns revenue and works in the pricing tool every day.Eric Moeller, Freewyld · listen from 1:22
03Raise the rate of a room type in small steps once it sells at least 80 percent.Rogier Ensel, RevGen · listen from 17:47
04Replace fixed seasonal rates with prices you review against demand, up and down.Felix Kraemer, JF Hospitality · listen from 15:35
05Report occupancy only next to ADR and RevPAR, and compare all three with your comp set.Moustafa Ahmed, Banyan Tree Dubai · listen from 20:25
06In the full checklistIsaac J. Collazo, STR
07In the full checklistRogier Ensel, RevGen
08In the full checklistSophie Richard, M&L Group
09In the full checklistEric Moeller, Freewyld
10In the full checklistMegan Becker, Hershey Entertainment and Resorts
All 10 points on one page
The full checklist as a PDF to print or share with your team, with the episode and minute for each point.