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 Newport: Newport Folk and Jazz festivals; Mansions and sailing season; Wedding season; Boston and New York weekend travel. Guests I price for: Northeastern couples and groups on 2 to 4 night stays, wedding parties. Where I start: Festival and wedding premiums with minimum stays, and off-season floors.
With my five-star hotel background, I help Newport inns and boutique hotels manage wedding room blocks, attrition clauses and release dates, so blocks do not tie up rooms that could sell at higher rates on festival weekends. I also review how midweek corporate and sailing-industry business is segmented.
The service in general is described on my outsourced revenue management page; this page covers how I apply it in Newport.