As an owner, engaging RevMax Hospitality Consulting Services will result in:
- We’ll introduce and implement a suite of intuitive and practical tools that inform, educate and empower your team to make smart, effective decisions.
- Work with your team to develop customized solutions that build on your existing resources, maximizing in-house skills and operationalizing work plans for measurable results.
- Identify the most profitable market mix for your properties – then marketing creatively and affordably to build reliable base segments from within your market.
A successful REPOSITIONING of a hotel in your portfolio will result in:
More Predictable Revenue:
- Positioning your hotel for the right market mix for stability.
Dependable Client Base:
- Modifications tailored to the needs of your clients add value and build loyalty
- Incremental revenues generate the highest flow-through profits – and higher valuation.
an incremental $135K in revenues translates to an additional $100K in House Profit
$100K in incremental House Profit, at 10% Cap, delivers a $1m valuation gain.
A successful SALES AND MARKETING strategy for your portfolio will result in:
Active & Engaged Selling:
- A productive and effective sales effort targeting stable and profitable clients.
eMarkets: Strong presence on all electronic channels:
- Establish a strong e-commerce strategy for the most profitable incremental revenues, 24/7
On-Site Property Sales:
- A motivated Front Desk, your nerve center, driving incremental revenue & delivering on guest expectations.
A successful and engaging REVENUE & EXPENSE MANAGEMENT process will lead to:
Maximized Revenue Streams:
- Transparency & confidence in the measures taken to maximize revenues – you’ll know and the team will understand why and how.
Reliable Budgeting and Cash Flow Management:
- Consensus targets based on intelligent expectations, a team motivated and incented to realize goals through planned execution.
- Clear objectives for each department, tools to track and measure performance, incentives to reward specific results.
A successful WORKOUT PLAN is designed to achieve:
- Secure your asset with a plan to manage debt through the challenges of the current marketplace.
Staff and Key Personnel:
- Retain key staff through the workout plan.
- The security of a plan that provides for a clear strategy, concrete responses, action plans and defined outcomes may be exactly what you and the lender need
PRACTICAL STRATEGIES TO MAXIMIZE PROFITS