Revenue Management: The Dating Game Edition
Fabian Bartnick
Revenue Management the right way | Founded 2 companies that optimize hotel & restaurant/bar profits through software, consulting & coaching | 50,000+ took my Revenue Management training
Holy S... - welcome to the 182 NEW Newsletters subscribers. May I fill your life with laughter and giggles once a week - and maybe some stuff that makes you think .-). WELCOME!
Thnis week:
Imagine our trusty Revenue Manager on a dating game show, searching for their perfect data set match. Each data set is vying for the title of "The One," bringing their best lines and charms to win the Revenue Manager's heart.
Grab some popcorn, and let's dive into the dating game!
Host: Ladies and gentlemen, welcome to "The Perfect Match"! Our star Revenue Manager is ready to meet the contestants. Let's see who's up first!
Contestant #1: On the Books
On the Books: "Hey there, Revenue Manager! I'm On the Books, and I can show you exactly what you've got in terms of reservations. With me, you'll never wonder what's coming in—I'm all about clarity and commitment. Let's plan the future together!"
Contestant #2: RevPAR
RevPAR: "Hello, Revenue Manager! I'm RevPAR, the hot one who combines occupancy and ADR into one irresistible package. I'm the key to maximizing revenue, and trust me, with me, every room will be more profitable. Together, we can be a power couple in the hospitality world!"
Contestant #3: Pick Up
Pick Up: "Hey there! I'm Pick Up, and I keep things exciting by showing you the latest booking trends. Think of me as your personal trend tracker—I can help you adjust strategies on the fly. Let's keep the momentum going and make every day a great day!"
Contestant #4: Positioning
Positioning: "Hi, I'm Positioning. I ensure you're always in the best spot compared to your competitors. With me, you'll know exactly where you stand in the market. Together, we can be the top dog, always one step ahead of the game."
Contestant #5: Forecast
Forecast: "Hey, Revenue Manager! I'm Forecast, and I can predict our future together. With my insights, you'll know exactly what to expect and how to prepare. Let's turn those predictions into profitable realities!"
领英推荐
Contestant #6: Market Data
Market Data: "Hello! I'm Market Data, your window to the world. I give you insights into the broader market trends so you can make informed decisions. Together, we'll never miss an opportunity in the market!"
Contestant #7: RGI
RGI: "Hey there, I'm RGI. I'm all about performance, comparing your results with your competitors. With me, you'll always know how you're doing in the race. Let's set some records together!"
Contestant #8: Pricing
Pricing: "Hi, I'm Pricing, your strategic partner in setting the perfect rates. I'm flexible and always adjusting to ensure we're maximizing revenue. Let's find that sweet spot together and keep those profits rolling in!"
Contestant #9: Pace
Pace: "Hey, I'm Pace. I track your booking speed and help you stay ahead of the curve. With me, you'll always know if we're moving too fast or too slow. Let's find the perfect rhythm together!"
Contestant #10: Same Time Last Year
Same Time Last Year: "Hello, I'm Same Time Last Year, and I bring wisdom from the past. By comparing current performance with last year's, I help you see patterns and trends. Let's use history to create a prosperous future!"
Contestant #11: Budget
Budget: "Hi, I'm Budget. I keep things grounded and realistic, ensuring we meet our financial goals. With me, you'll always know if we're on track. Let's keep everything balanced and profitable!"
Host: Wow, what a lineup! Each contestant has brought their A-game. Now, Revenue Manager, it's time to make your choice. Who will be your perfect match?
Revenue Manager: ...... now imagine YOU are the revenue manager....which data set will you choose to be your one? ;-) or do you have a secret love that is not listed here? :-)
Love,
Fabi
PS: If you are in Frankfurt on the 16th July, we have an awesome event talking about data sets and eating the hottest sausage in town - in collab with our cool friends TrustYou : https://resources.trustyou.com/revenue-on-fire
Revenue Management | Hotelier | Beratung | Technologie | Team-Motivation | Adaptive Strategien | Speaker | Moderator
8 个月Love it! I could not go for one, but share the room with many of them. Whether illegal or not ??, just as Niko said
Director of Revenue Management | MBA in Business Administration
8 个月I will marry all of them- I can handle them ??
Strategic Hospitality Leader | Specializing in Front Office Management & Revenue Optimization
8 个月Good one Fab?? Optimizing a single "contestant" is shortsighted. Revenue managers must take a holistic approach to all "the contestants" to create a cohesive performance system. This comprehensive strategy is essential for driving sustainable profitability and growth. Because if you focus on only one, that would be akin to trying to treat a disease by only addressing a single symptom!
I help hoteliers discover their true revenue potential - #revenuemanagement #hotelmarketing #ecommerce #datalover
8 个月I am up for a polygamous relationship- bring all of them in. If this is illegal in your world, your world is shit and I will take otb and calculate from there