Above-Property Revenue Management for Above-Average Results

Together with

Something that has come up again and again in my conversations with CEOs of innovative, successful boutique hotel companies is the move to centralizing business functions, including revenue management. That’s why I’m excited for you to learn from our guest today, who has a fascinating story of leading revenue strategy for some of the biggest hotel companies in the world and joins us to share how owners and operators of smaller hotel companies can learn from these best practices.

Above-Property Revenue Management for Above-Average Results

Today, Dax Cross, CEO of Revenue Analytics, shares insights into the evolution of revenue management in hospitality. In our conversation, we cover:

• What’s happening in revenue management today: key trends to watch.

• The big shift towards "above-property" revenue management.

• Challenges in managing data and the importance of synthesizing information for better decision-making.

• Insights from the biggest hotel companies that can be applied to smaller hotel groups.

• A case study of a hotel group that successfully transitioned to a more automated revenue management system.

• The importance of building trust in technology and the role of transparency in system recommendations.

• Advice for overwhelmed hoteliers on how to move towards a more strategic approach to revenue management.

Listen to my full conversation with Dax today on the Hospitality Daily Podcast

TOGETHER WITH REVENUE ANALYTICS

Picture it: an RMS built specifically for the unique needs of above-property revenue management teams.

Easy to say – harder to imagine. So let us walk you through it. In this guide, you’ll experience a realistic day as a revenue manager using N2Pricing by Revenue Analytics, including:

• Prioritizing revenue opportunities with ease: manage pricing across your entire portfolio, all in one place

• Exceptions management: manually reviewing price changes becomes the exception, not the rule, thanks to smart automation controls

• Support for weekly, monthly, and quarterly activities, like reviewing your promotional plan and preparing for meetings with key stakeholders

• Reclaiming your time and making space for strategic initiatives

Experience a day in the life and walk away understanding how much easier things could be for you and your team! 

Experience a Day in the Life

And that’s a wrap! If you found it helpful, I’d be very grateful if you could forward it to a friend or colleague who might also enjoy it.

A few final things:

• If you have any thoughts, ideas, questions, or suggestions for Hospitality Daily, please reply to this email. I’d love to hear from you.

• If you’d like a private community where you can discuss things like this and ask other hotel operators and investors questions that you can’t just Google or ask ChatGPT, the Hospitality Daily Huddle might be a good fit.

• If you have a product or service that would benefit the hospitality professionals who read, listen to, and watch Hospitality Daily, let’s work together to help you help more people.

Thank you for reading, and I’ll see you here tomorrow.

-Josiah