Why Outsource?

Why Outsource?

  • Posted by: Revenue by HRM

WHY CHOOSE OUTSOURCED REVENUE MANAGEMENT?

ENSURING OPTIMAL RESULTS

The pandemic years produced unprecedented challenges for the hospitality industry. As we enter the post-covid world it has never been more important to optimise your finances, identify emerging trends and position your company for success. Outsourced Revenue Management can do that for you.

Your dedicated Revenue Manager conducts an in-depth analysis of current and historical data, as well as data gleaned from the industry as a whole, to ensure you are able to set accurate prices, engage the right audience and meet your growth targets.

GAINING A COMPETITIVE ADVANTAGE

When you outsource revenue management you are able to take advantage of our vast experience and proven methodologies to gain a competitive advantage over the competition. Many hotels hire in-house Revenue Managers, but lack the fundamental knowledge needed to assess their performance.

 

Independent hotel managers often engage in revenue self-management, but lack the level of real-world experience a fully trained revenue manager brings to the table for each and every client. Such efforts inevitably produce less than optimal results. When you outsource revenue management you enjoy a quantifiable advantage over many of your competitors.

KEEPING COSTS IN CHECK

Let’s face it: hiring a full-time Revenue Manager is an expensive proposition. Not only will you need to provide a competitive salary in order to retain them, but there are myriad related expenses including pension, corporate health coverage, paid holidays and the cost of securing a replacement should they leave, just to name a few.

Privately owned hotels in particular need to work hard to keep their costs under control in order to compete. Revenue management outsourcing is a viable alternative to hiring an in-house Revenue Manager that any hotel operating on a tight budget can benefit from in both the short and long term.

FREEING YOU UP TO FOCUS ON OTHER THINGS

The hospitality business is one of the most competitive there is. Hotel Managers need to keep numerous balls in the air at all times and be able to transcend challenges when they arise. By outsourcing revenue management the Hotel Manager frees up time to focus on the many other pressing issues demanding his or her attention on a given day.

In that sense, outsourcing revenue management service is a highly cost-effective, potent productivity tool that will ultimately benefit all aspects of the operation.

Book a call to learn how we can help your business

Author: Revenue by HRM

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