MHS can offer the following revenue management services;
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Dynamic Pricing & Rate Optimization.
Adjusting room rates based on demand, booking patterns, competitor pricing, and market trends. Tools like RMS (Revenue Management Systems) automate this process. -
Demand Forecasting.
Predicting future occupancy, demand surges, and booking behavior using historical and real-time data. -
Market Segmentation.
Dividing customers into segments (corporate, leisure, group, OTA, etc.) to apply targeted pricing and promotions. -
Distribution Channel Management.
Optimizing the mix of direct bookings, OTAs (e.g., Booking.com, Expedia), GDS, and wholesalers for profitability. -
Inventory Control.
Controlling how many rooms to sell on each channel and at what rate Implementing length-of-stay restrictions, overbooking strategies, and blackout dates. -
Competitor Benchmarking (Rate Shopping).
Monitoring competitor prices and adjusting strategy accordingly. -
Performance Analytics & Reporting.
Measuring KPIs such as ADR (Average Daily Rate), and Occupancy Rate. -
Strategic Planning & Consultation.
Providing long-term strategies based on seasonality, events, economic trends, and brand positioning.