A key issue holding back revenue managers today is the lack of an automated benchmarking process which manages and updates the changing PACE of past and future reservations using real time market data. Typically, revenue managers manually transfer reservation records from the hotel’s PMS to an excel table. We have found this approach to be extremely ineffective, time consuming, and riddled with human errors. In today’s fast paced data driven world it’s imperative to your success that your hotel and revenue managers have the best software and processes at their disposal.
At HotelBenchmarking.eu we solve this issue by providing various reports including the new revolutionary Pickup and Pace Reports. Pickup and Pace Reports are an exceptional real time analysis of future reservations, which is essential for revenue and yield management to maximize hotel revenue and profit.
Reservation data is uploaded automatically and processed within a few seconds. Your Hotel can utilize HotelBenchmarking.eu tables and charts to analyze the changing PACE of past and future reservations.
Processed reservation data can be simultaneously exported to excel for further use such as budgeting and forecasting.
With HotelBenchmarking.eu your hotel can easily find out how many reservations were made by the hotel in any chosen period for any future period. Results can be simultaneously compared to your hotel and the competitions historical and future reservations.
Based on this overall analysis your hotel can effectively manage pricing strategy, adjust the average daily rate or occupancy to reach the highest possible RevPAR; which will maximize your hotel’s profit.
The highest future RevPAR or ARPAR is the difference maker; which enables you to outmaneuver your competition and increase your profit.
The data that is being processed (MPI, ARI, RGI, Occupancy, ADR, RevPAR, Room revenue, Sold rooms, Available rooms) are displayed in the following reports: PICKUP & PACE REPORTS, OTA PRICE COMPARISON REPORTS, OTB REPORTS, BASIC REPORTS.
HotelBenchmarking.eu has the sophisticated secure software applications that ensure data processing of a hotel and its competitors. Data is processed so that the hotel only has access to its data and competitors´ data are presented as an average of the competitors' results. This ensures absolute protection of each hotel data.
All software applications of the HotelBenchmarking.eu were developed for Google Chrome browser. It’s suggested to use Google Chrome to ensure 100% graphical functionality of all systems.
The hotel becomes a registered user by filling out a registration form of the HotelBenchmarking.eu.
Besides benchmarking through the reports, we can provide individual consulting in the following areas:
· analysis of the hotel results;
· preparation of appropriate measures to increase hotel business efficiency;
· realization of "mystery shopping" services including analysis and A/V documentation.