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 Lafayette: Festival International de Louisiane; LSU football at Tiger Stadium; Mardi Gras celebrations; Cajun and Zydeco music and the Atchafalaya Basin. Guests I price for: Festival-goers and LSU fans on 2 to 3 night stays around downtown Lafayette, the Oil Center and Baton Rouge near campus. Where I start: Event-driven premiums stacking festivals and game days, two-night weekend minimums, and midweek pricing through a soft high-summer lull.
For hotels in Lafayette and Baton Rouge I work on event rate fences, group blocks for visiting football fans and festival bands, and midweek pricing for oil and gas, medical and state government travel. My comp sets are built by area, because downtown, campus and Interstate 10 hotels serve very different guests.
The service in general is described on my outsourced revenue management page; this page covers how I apply it in Lafayette.