Hotel revenue management consulting is an independent review followed by a plan. I look at 12 to 24 months of your own data, shop your comp set, and find where rates, restrictions or channels are costing you money. Unlike outsourcing, I do not make your daily decisions; your team does, with a better plan.
This is my view of The Faroe Islands. The Faroe Islands have far more interest than beds. Hikers and photographers come for Múlafossur, Sørvágsvatn and the cliffs, mostly between June and August, and Ólavsøka fills Tórshavn in late July. Hotel supply is small, so private homes and guesthouses carry a lot of demand. I price short summer peaks firmly, plan around the weather and the ferry, and keep winter floors sensible.
For a Faroese property I review where it sits relative to the main hikes and Tórshavn, how summer was sold and at what rates, and whether winter is worth the effort. You get a written plan setting summer bands, event dates and a practical cancellation approach suited to island weather and flights.
The service in general is described on my hotel revenue management consulting page; this page covers how I apply it in The Faroe Islands.