Strategic Pricing Techniques
- Dynamic Pricing
- BAR Pricing
- Length of Stay Controls
Competitive Market Analysis
- Rate Shopping
- Market Intelligence
- Competitor Benchmarking
Qualities of a Successful Revenue Manager in Hospitality
Revenue Management is no longer limited to pricing rooms. Today's Revenue Manager acts as a strategic business leader who influences stakeholders, drives profitability, forecasts demand, analyzes data, and collaborates across departments.
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Assignments
1.CASE STUDY
Hotel XYZ
Occupancy:
95%
ADR:
₹4,000
Competitor ADR:
₹6,500
Discussion:
Is Hotel XYZ underpricing?
What actions should the Revenue Manager take?
2.Analyze a hotel's ADR and Occupancy for seven days of any Hotel of your selection.
3.Visit three hotels online.
Record:
Room Rate
Weekend Rate
Weekday Rate
Identify:
Which hotel appears to use dynamic pricing?
Submit findings in a one-page report.
4.Stakeholder Mapping Framework
High Influence + High Interest
→ Manage Closely
High Influence + Low Interest
→ Keep Satisfied
Low Influence + High Interest
→ Keep Informed
Low Influence + Low Interest
→ Monitor
Practical Exercise
Identify stakeholders in your hotel and categorize them using the stakeholder matrix.
5.Case Study
A sales manager requests a discounted group booking.
Evaluate:
Displacement analysis
Profitability impact
Future demand potential
Determine whether accepting the business creates long-term value.