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 Louisville: Kentucky Derby; Bourbon Trail distillery tourism; Thunder Over Louisville and Forecastle; Louisville Cardinals and conventions. Guests I price for: Derby groups on 3 to 5 night stays, bourbon tourists on weekends. Where I start: Derby-week premiums set a year ahead with minimum stays, bourbon-weekend rates, and winter floors.
For Louisville hotels I work on Derby-week length-of-stay restrictions and deposit terms, festival group blocks, Kentucky Exposition Center and convention demand, and distillery packages for weekend leisure. My comp sets are built by area, because downtown, airport, Expo Center and suburban hotels serve very different guests on the same night.
The service in general is described on my outsourced revenue management page; this page covers how I apply it in Louisville.