RevOptimum Blog

For independent hotels, Remote Revenue Management is outsourcing a revenue specialist or a revenue management group that can mitigate the hotelier from various issues associated with everyday operations, including the implementation of revenue management strategies and developments to improve and maximize the hotel revenues—enabling the hotelier to enhance the guest experience and quality of service.

The Hospitality Industry continues to grow vastly year after year. The Hotel Revenue Management field and RMS (Revenue Management System) technology remain on the ascent to help hotel companies attain their market share. Now, independent hoteliers are focusing on new revenue strategies, revenue streams, and elasticity.

To be competitive and profitable in the hotel industry, hoteliers need to adopt a forward-thinking mentality to achieve substantial revenue growth. Hotel owners can accomplish this by optimizing every booking by positioning their hotel business to rise ahead. What can your hotel be doing now to boost every reservation and achieve revenue growth while setting the foundation for a stable and lucrative hotel business revenue?

One of the biggest disruptors in hotel revenue increase today is the lack of affordable customized revenue management solutions and cost-effective revenue technological tools for hotels with restricted budgets. Additionally, the post-pandemic conditions have forced some independent hotels of all types and sizes to reduce budgets and struggle to find essential staffing, affecting their revenues. Large hotel chains and beach hotel properties are gaining momentum and attaining significant incomes due to the current high traveling demand. Other hotel properties struggle to find robust revenue solutions and automated tools to create a more substantial and sustainable hotel business.

The competitive hotel market is driving revenues for the large brands due to their high budgets to attract guests. Small hotel chains and independent hotel brands are becoming concerned about their position in the aggressive marketplace and determine to convert to a branded hotel chain.

Independent hoteliers with no budgets for expensive digital hotel revenue systems can now compete with large hotel chains. Independent revenue management companies can help independents ramp up profit without the need of purchasing an expensive revenue management software.