Lodgic Revenue Management team continually provides a competitive analysis of markets, strategic forecasting data, tactical plans, and ensures properties are set up for optimal revenue maximization.
Competitive MarketingMonitor and review BAR pricing and discount rates for key competitor hotels. Market Vision analysis to be used when available.
Performance ReviewWeekly analysis of sell out, potential sell out, overbooking controls, rate overrides, complimentary rooms, and more.
ForecastingPrepare and distribute operational 14 day forecast on weekly basis. Update month end projections based on actual and reaming trends for the month.
Revenue Management MeetingsWeekly review of demand, pricing and strategies for the next 90 days. Revenue Management support reduces missed opportunities.
Group ManagementQualify questionable group bookings as needed and run group displacement analysis. Identify changes in group bookings and group availability. Change online group pricing when needed. Review cutoff dates and update group forecast.
Pricing and Inventory ControlsReview transient bookings, price resistance, rate denials, group availability, booking pace, SRP evaluations, restrictions, length of stay controls.
STAR AnalysisIdentify negative RevPAR Index change. Review performance on occupancy, rate, and RevPAR index, and percent of change. Review Mix of sales.