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 Toronto: Toronto International Film Festival; Caribbean Carnival and summer concerts; Blue Jays, Raptors and Maple Leafs seasons; Corporate travel to the Financial District. Guests I price for: Domestic and US travellers booking 2 to 4 nights, plus corporate guests midweek and mid-term relocations. Where I start: Principal-residence rules for short stays, event premiums in September, and 28-plus-night rate cards for relocation and corporate demand.
My background in five-star hotels helps Toronto properties segment corporate, convention and leisure demand, fence TIFF and major concert weeks, and decide how much inventory to commit to long-stay and crew contracts without crowding out higher-paying transient nights in September and summer.
The service in general is described on my outsourced revenue management page; this page covers how I apply it in Toronto.