Hotel Consulting Made Easy
Is your hotel struggling to:
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Get clarity about your position in the market?
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Soft-test various growth strategies for acquisition and conversion?
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Identify new revenue streams?
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Build dynamic asset and revenue management strategies?
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Train staff to maximize yield?
Revenue Management Benchmarking
Benchmarking is a way of using comparable data to set goalposts for specific performance measurements at your hotel. We can help you assess progress and identify opportunities for you to focus on:
Recognize your competitors, including boutique hotels and independent establishments
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Identify and track relevant key performance indicators (KPIs) for each of them
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Assess your position in your market by analyzing the above data
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Compare your growth rate to your previous performance and that of your competitors
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Find new opportunities to maximize your ROI
Using these pillars, we will create a benchmarking strategy that ensures you continue on a path to growth and success.
Acquisition & Conversion Advice
Acquisition is the process of buying new hotels. Conversion, on the other hand, is repurposing your property to serve a new niche in the hospitality industry.
For instance, converting your independent hotels into luxury hotels or
joining a hotel chain with a global network.
Regardless of which path you choose, these changes can bring the following challenges:
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Ensuring the feasibility of the move
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Conducting the break-even analysis
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Identifying and maximizing revenue opportunities…
and more.
Our hospitality consulting services will help you throughout the entire process.For acquisition, we analyze the market and advise on what opportunities are worth pursuing and how to go about buying a new hotel. For conversion, we’re here to help you understand what opportunities are available for switching brands and how to go about doing so.
Onboarding Audits
After you partner with our consulting firm, we will do a deep dive into your current hotel management strategies. During this in-depth audit, we will closely analyze elements like the guest experience, daily hotel operations, and revenue streams.
Analyzing the above data will help you:
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Find your position in the market
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Identify your customer segments
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Understand your processes
This will enable us to create a customized revenue management strategy for you that’ll help you grow your revenue.
Hotel Marketing Strategy
Your hotel’s marketing strategies should reach the right people at the right time with the right messaging to get more bookings. With so many marketing channels available, your marketing team can make the following mistakes:
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Targeting the wrong demographic
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Sending out a message that doesn’t relay your specialty
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Not investing in the right need dates to maximize your return
Our hospitality consulting team’s advisory services will help you create and execute tailored marketing strategies that will ensure you are spending money where the highest ROI is.