Hotel Consultants in India,Resort Consultants in India,Restaurant Consultants in India

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MSV HOSPITALITY CONSULTANTS
MSV HOSPITALITY CONSULTANTS
www.msvconsultants.com
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MSV HOSPITALITY CONSULTANTS
To begin with Revenue Management is the
application of disciplined analytics that predict
consumer behavior at the micro-market level and
optimize product availability and price to
maximize revenue growth (Source Wikipedia).
When translated into the specific business needs
of the hotel industry we could say that the
primary aim of Revenue Management is to sell the
Right Room to the Right Client at the Right
Moment at the Right Price using the Right
Distribution Channel with the best cost
efficiency.
www.msvconsultants.com
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MSV HOSPITALITY CONSULTANTS
Revenue management will help your
hotel/restaurants by predicting consumer demand
to optimize inventory and price availability in
order to maximize revenue growth. By utilizing
our services in Revenue Management we can help
you to gather the right information about the
market so that you can be proactive and not
reactive. We can help you to use the information
in the right manner to divide your market and
adjust your products through distribution, to
cater to the right customer at the right time and
at the right price when it matters the most.
www.msvconsultants.com
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MSV HOSPITALITY CONSULTANTS
Revenue Management is highly preferred among the
Hotel and Hospitality service providers in large
hotel markets such as Western Europe and North
America. The Key operating indicators include
Occupancy Rate (OR), Average Daily Rate (ADR) and
Revenue per Available Room (RevPAR), these
indicators are traced by using third party
sources to follow direct competitor set averages
in demand and price. Thereby indicating
penetration rate and performance index, wider or
macro market averages are also monitored. And
since the hotel industry is cyclic, revenue
managers can confidently maneuver supply and
demand statistics to achieve optimal results.
www.msvconsultants.com
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MSV HOSPITALITY CONSULTANTS
India is slowly but surely witnessing a surging
demand for Revenue Management especially in
Hotels, Hospitals, Resorts and even Restaurants.
With the number of hotels and resorts increasing
every day, and the advent of International
players in the hospitality scene Revenue
Management will be crucial in determining the
winners and losers. Because for every room left
empty every day it is, revenue lost. This can be
overcome with the help of optimal Revenue
Management systems. Take the example of Marriott
International which has been using revenue
management for the last 20 years has developed a
Group Pricing Optimizer (GPO) and increased its
revenue by 46 million in 2008. GPO is now used
by over 3000 sales managers to sell over 200
hotels across North America.
www.msvconsultants.com
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MSV HOSPITALITY CONSULTANTS
MSV consultants can help you improve your Revenue
growth and profit share by conducting statistical
analysis at a granular level, we can help clients
to develop accurate models to measure how demand
responds to changes in competitive price position
and calculate the optimal rate to charge based on
demand, price sensitivity and competition. Our
analytical approach is to leverage historic sales
data, product data, competitive rate data,
customer data and other available data sources
to better understand customer preferences,
optimally counter competitors discounts and
build an automated decision enabling tool.
www.msvconsultants.com
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MSV HOSPITALITY CONSULTANTS
Contact Us 240, 4th Cross, Brindavan Road,
Fairlands,Salem - 636016,Tamil Nadu, India.
Mobile [phone] /
91-77080 66888
Mail info_at_msvconsultants.com
Visit _at_
www.msvconsultants.com