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 Madrid. Madrid is a business, football and culture city that empties in August. IFEMA trade fairs like FITUR, Real Madrid and Atlético matches and concerts drive demand, while the city's plan to limit tourist flats in the centre makes licensed ones more valuable. Spain's national registration number is also required on listings now.
For a Madrid flat, I check its legal position for tourist use, map which trade fairs, concerts and fixtures actually drive its address, and write a plan that handles the August exodus sensibly while pricing the rest of the year from confirmed events.
The service in general is described on my hotel revenue management consulting page; this page covers how I apply it in Madrid.