Revenue Management Simulation - Xotels

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When you log in your team is entering a competitive market, where your revenue management decisions, and those of your competitors, interact in real-time, and with real-to-life results.

description

Hotel revenue management simulation training course.Fast learning in a realistic environment with computor simulation training by Xotels.

Transcript of Revenue Management Simulation - Xotels

  • 1. Revenue Management has changed dramatically

2. Yesterdays data analysis, forecasting, pricing, pace, and inventory control have new partners these days: Demand Management - Asset Management - Owners PriorityInternet - Search Engine Optimization - Market intelligence CRM - Channel Management - Displacement - Benchmarking Total Hotel Revenue Management to mention a few 3. Question So how does a Revenue, Marketing, Hotel or Asset Manager dial up to todays revenue optimization? 4. ANSWER by training in a competitive, real-to-life, real time,internet based revenue optimization simulation.REVsim Real Learning - Real Fast 5. Call it game theory, or call it whatever you want its real, roll up your sleeves learning, you can use tomorrow in the real world. Its worth a million. REVsim Real Learning - Real Fast 6. It works the way you do Collect data, hotel, and market information. Make a plan. Implement it. See the results. And do it while competitor hotels are trying to takeyour lunch. REVsim Real Learning - Real Fast 7. Heres a quick and quiet tour of REVsim 2 minutes 8. When you log in your team is entering a competitive market, where your revenue managementdecisions, and those of your competitors, interact in real-time, and with real-to-life results. 9. STEP 1: Collect information about the hotel and the market 10. STEP 2: Summarize your findings and make a strategy for next month. 11. STEP 3: Work with your Marketing and Accounting office to help shape investments that will help your pricing and and revenue strategy become reality. 12. STEP 4 : Set your prices for next month by segment and channel. 13. STEP 5 : Review the results of your decisions, starting with the Monthly Profit and Loss Statement. 14. STEP 6 : Then review the detail statistics looking for ways to improve your position next month. 15. STEP 7: Keep one eye on where you are relative to the competition. 16. STEP 8 : See your key statistics over time. 17. STEP 9 : See your key market indexes over time. 18. STEP 10 : See what segements and what channels are producing for you over time. 19. STEP 11 : See how your prices compare in the market over time. 20. STEP 12: At the end of the simulation compare results with other teams and learn from their strategies. 21. Revenue Management Simulationinnovative training in a realistic environment two days hands on, to improve your skillsthere is nothing else like it ... 22. REVsim Real Learning - Real Fast strategic + big picture training course+ 34 931 855 791 [email protected]