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Every property is unique. Because of that, there are a lot of factors that go into determining the rental price of a property including facilities, location, quality of furnishings, etc. For a rental price estimate, contact us and one of our market experts will be happy to assist you.
Our agreement with us has no lock-in period which makes it easy for you to take your property off the market whenever you want. We do ask that you honor the bookings that are already committed—even after you have taken your property off the market—by either using the original property or helping to rehouse the customers. If the rehousing cost is more than the original cost then you will be responsible for paying the difference.
Property owners are getting convenience and peace-of-mind. we markets properties over 100 global booking channels, reconciles the inventory after every guest’s check-out, conducts professional and preventative maintenance, and ensures that every guest is getting a great experience. We do all this while still ensuring that you have complete access to your property anytime that you want.
In fact, although we're talking about Airbnb management services we could equally talk about short-stay management services, holiday lettings management services, short-stay management services or even 2.0 management services to refer to our trade. Indeed, for the most part, we don't only rent through Airbnb but also on a range of platforms that have emerged over the past few years. And while our trade was less reliant on the internet in the past, it still existed well before Airbnb.
Our potential customers generally contact us because they want to rent out their property during the holiday season without having to manage their short-term lets.
Communicating with guests, cleaning between each let, meeting and greeting guests who often arrive late... letting during the holiday season is certainly more profitable (two to three times the amount for a standard let) but is also more time-consuming! The added value of an Airbnb management service is that it organises the entire rental management process.
On average, an Airbnb management services costs 03-20% of the rate per night . On top of this are the fixed fees that will be added to each reservation and which are intended to cover the logistical costs. These fixed fees are generally passed on to the guests.
The offsite revenue management service offered by HotelRevBaba addresses the key revenue optimization needs a hotel may have.We, use the most advanced Business Intelligence tools, processes, concepts and technology often unavailable to a lot of hotels. Another advantage of this service is avoidance of common HR challenges and costs.
PRICING - Pricing is not only the deciding factor for Performance and Profitability but also for determining the value of an asset. Hotels should look at increasing rates for high demand days to maximise revenue generation and decreasing rate on low demand days to maximise occupancy.
POSITIONING - Optimal Positioning will attract affluent guest who will contribute towards increasing room revenue and will support revenues for other departments like F & B etc. A hotel that is correctly positioned & presented tends to be booked more frequently than its competitors. Smart Positioning of the hotel can increase the value of the asset considerably.
The Process Evolves
Revenue management has developed from yield management and market analysis, where it is not secret or a passing fad, but it is critical to maximizing a hotel's profitability, it might be "A dark science ... Combining high technology and black arts"
Who is the Revenue Manager?
In hotels the mission of the revenue manager is to implement revenue management strategies and processes, in order to optimize and maximize its revenues. At some point, revenue management started out as being in charge of reservations. Back then, no one really knew what Revenue Management was. 'Since it's to do with room bookings, so the guess was it should be with reservations.'
In those days, reservations were under front office. Suddenly people started seeing the value in the revenue management function, and they decided to put it under sales and marketing. And then the GM said this is really quite valuable and took it out of sales and marketing, not to mention the conflict between revenue management and sales.
Interestingly there is little agreement in the hospitality industry as to who the revenue manager should report to. A study undertaken by the HSMAI found that in response to the question "to whom do you directly report"
Most hotels still have a revenue manager reporting to the general manager, but the problem is, I think no one really understands, or not everyone understands, what this Revenue Manager guy is doing.
However a Revenue Manager has to focus on multiple tasks during his daily work extended to the weekly tasks but some of these items have to be done every day. The results of taking these actions have a very far reaching impact on revenue generation and maximizing hotel revenue.
From our observations and feedback, many hoteliers still think that revenue manager job can be done by anyone, as a matter of fact the tasks list for the revenue manager can be extended up to hundred and hundred tasks between daily , weekly, bio monthly, monthly Etc, it is not only related to revenue issues but also extend to sales and marketing, moreover it is not room revenue it is the hotel total revenue.
Today's revenue manager can play a larger role in the overall success of the hotel than ever before. For the potential of the role to be realized, the revenue manager has to take a leadership role and gain the support of others in the organization. It is not always an easy transition and may not be the direction some leaders are willing to take. Just as a revenue manager should have a strategy to achieve hotel goals, they should have a strategy to reach their potential as a leader and influencer.
In the recent times Indian Hotel industry has been witnessing a systematic decline in the profitability in spite of similar or more year on year occupancy growth. Hoteliers established that this decline was essentially due to growing dominance of OTAs and exceptionally high commissions. We have seen several State and National Hotelier Association alleged certain OTAs for high commissions and unfair business practices.
There may be some substance to the allegations but OTAs cannot be blamed entirely for decline in the profits. Over a period of time hotels have been systematically losing focus from the managed segments like Corporate and Offline Leisure. There has been a significant shift in the business mix in the recent time with overflow of OTA demand which is less profitable compared to the managed segments which is on decline. Since customers receive lucrative deals online they are less likely to book directly.
Many hoteliers have started moving their focus back on Managed Segment considering the higher profitability. One of the biggest challenge that Hoteliers face is the incisive understanding of each accounts production, value and patterns. Hotel Analytics is still in an infant stage and most of the hoteliers are still hooked with Segment Analytics; while the need is to analyze each and every account to determine the right strategy for it.
Revenue Manager and other Commercial Leaders in Hotel must constantly keep eye on the following -
Hoteliers must constantly look at increasing the lead time and length of stay of each producing account and increase volume through low producing Accounts.
A consistent monitoring and appropriate controls will help hotel to create greater amount of base business far out; this will only lead into Unqualified segment rate increase closer to the day of arrival as hotel will be probably left with lesser inventory to offer.
The OTA industry is growing constantly with new OTA's emerging every few months. Hoteliers must tie-up with multiple OTAs for better exposure, revenue and bookings. However, maintaining inventory through different extra-nets is a very challenging task, which can lead to overbooking and rate disparity problems.
Take your property’s online distribution to the next level and grow bookings with our real-time hotel channel manager. Easy and efficient, it lets you manage rates and inventory – anytime, anywhere – always making informed decisions.
We all know with the increasing competition and in fast changing internet world, predicting the hotel rates will lead to loss of revenue.
Situations can change within days or hour because of climate, Govt. Policy, Bulk Bookings, Cancellation of flights, trains or any other reason. Occupancy Based Pricing will help you to automate the process up to 60 days in advance.
It will calculate the best possible rates and push across all OTAs for a given day, depending on time and inventory left. It can be triggered automatically every few hours or run through buttons whenever required. So, don't lose revenue, increase you ARR and occupancy by switching to Occupancy Based Pricing.
Maintaining same Rates across all channels have become important task to keep your ranking higher across all OTA's. eGlobe Channel Manager ensures that you get prompt alert and warning emails, in case any rate discrepancy found across any OTAs.
Channel Manager uses the state of art technology, sending multiple request to OTA's and updating the screens (via JQuery) without refreshing the pages. Experience complete 2 ways integration with easy to use interfaces.
Managing Inventory is a constant task which hotel staff are required to do on a very frequent basis. eGlobe provides you perfect tools which enables you to complete your task fast and effectively.
No more need to enter OTA bookings manually in PMS. Our Front Desk does it all for you. It auto allots room numbers, generates Pro-Forma Invoices, generates Report and other exciting features.
State of the Art, single page 4 step booking engine. User is always in control and have full access of the discounts and occupancy.
Rates and discounts are implemented instantly with every user change and without refreshing the page.
Price Breakup provides complete transparency of discount and rates are implemented for each day and each room.
Get Responsive website that detects the visitor's screen size and orientation and change the layout accordingly. Get the website to resize automatically to fit desktop, laptop and mobile devices which increase the chance of better SEO Rankings . Easily change Colors, Content, Gallery, SEO Keywords through Admin Panel.
Connect your Hotel Booking Engine directly with Google to advertise real-time rates and availability and pay only for confirmed bookings. Now all our hotel partners can increase their direct bookings by showcasing their hotel's own rates, along with various OTA's, on Google Search, Google Maps, across Desktops, Tablets, and Mobile devices. Display your hotel's Live Rates and Availability to the travellers all over the world.
Trip Advisor Instant Booking is an important channel for reaching large global audiences, garner reviews from customers and optimizing revenue with direct bookings on your website. Instant bookings charges on pay per conversion model. That means you pay to TripAdvisor only on confirmed bookings.
Start working with an company that can provide everything you need to generate awareness, drive traffic, connect with customers, and increase sales.
A user friendly, dynamic and attractive website increases confidence in customers to book online. It increases Look to Book ratio. SEO friendly websites will improve your rankings in search engines leading to more traffic and bookings.