IDeaS Hotel Pre-Opening Revenue Management Support

A successful entry to market can establish a hotel and its revenue generating ability for years to come. If done correctly, the hotel will be able to position itself effectively in the market and ensure revenue optimization at the highest possible level. If a hotel is incorrectly launched into a market, from a revenue management perspective, it has the potential to result in a significant underperformance of the asset and a substantial amount of money can be left on the table.

IDeaS Advantage for Hospitality Pre-Opening RM Support Services is specifically formulated to assist inthe successful launch of your hotel into market. The focus is not only on ensuring that your hotel is priced correctly, but also covers a wide-range of pricing, forecasting and optimization related processes, structures, tasks and tools that provide sustainability of the revenue management of your hotel and establishes a solid foundation towards continued and market leading Revenue per Available Room (RevPAR) performance.

How it Works

To achieve this, the revenue management path begins with setting a strategy and establishing an action plan. This will be carried through to the pre-opening phase, followed by launch date and post opening, to be concluded with a final audit of recommendations and remaining action plan items.

Throughout the entire process and where applicable, the corporate revenue management team will be briefed at regular intervals, providing status updates, feedback on critical milestones and potential “red flags” at the hotel property. A typical process and timeline is detailed in the IDeaS Pre-Opening Revenue Management Support datasheet, but can be customized to the requirements and schedule of the client.

» Download IDeaS Hotel Pre-Opening RM Support Datasheet

For more information on the benefits of IDeaS Advantage for Hospitality for your hotel, click here to contact IDeaS.