Outsourced hotel revenue management means I do the job of the revenue manager for you: I watch the comp set and pace every day, move rates and restrictions, manage the OTAs, forecast demand and report each month. You keep control of the hotel and see every decision.
What I plan around in Cody: The east entrance to Yellowstone National Park; The nightly Cody Nite Rodeo through summer; The Buffalo Bill Center of the West; The Beartooth and Chief Joseph scenic byways. Guests I price for: National-park road-trippers and international visitors on 1 to 3 night stays in Cody before entering Yellowstone, concentrated heavily in July and August. Where I start: An intense summer park-gateway peak, short average stays that need tight minimum-stay and gap rules, and near-dormant winters requiring monthly rate cards.
Cody motels and lodges live on the same short summer, so I work on pricing by day of week and arrival pattern, coach groups versus independent drivers, and when to close out discounted channels. My hotel years taught me that a strong summer is won in the spring booking window.
The service in general is described on my outsourced revenue management page; this page covers how I apply it in Cody.