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 Memphis: Memphis in May and Beale Street Music Festival; Elvis Week at Graceland; Grizzlies season and FedEx corporate travel; Blues and barbecue tourism. Guests I price for: Music and cultural travellers on 2 to 3 night stays, corporate guests midweek. Where I start: Festival premiums, corporate midweek rates, and winter floors.
With my five-star hotel background, I help Memphis hotels balance convention, sports, music tourism and medical segments, set group blocks for the barbecue contest and Liberty Bowl, and use rate fences so festival weekends do not undercut the corporate weekday business.
The service in general is described on my outsourced revenue management page; this page covers how I apply it in Memphis.