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 Richmond: Colonial Williamsburg and Busch Gardens; University of Richmond and William & Mary calendars; NASCAR at Richmond Raceway; Wine and river tourism. Guests I price for: Families on 2 to 4 night stays, school groups in spring. Where I start: Spring and autumn premiums, race-weekend rates, and winter floors.
Williamsburg hotels depend on school-group contracts, theme-park packages and leisure families, while Richmond properties mix government, medical and event demand. Drawing on my hotel career, I work on group pricing and displacement, package fences with attraction tickets and a comp set divided by corridor, such as Richmond Road versus downtown Richmond.
The service in general is described on my outsourced revenue management page; this page covers how I apply it in Richmond.