How to get your channel management right?

Post on 19-Jan-2015

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A prudent distribution, pricing and revenue strategy is the need of the hour! Get quick tips on your hotel channel management and distribution strategy from our experts

Transcript of How to get your channel management right?

How To Get

Your Channel Management Right?

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Introduction A prudent distribution, pricing and revenue

strategy is the need of the hour!

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Hoteliers update

their rates up to 5 times a day to secure occupancy levels.

DID YOUKNOW ?

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Ensure that your rates are consistently reflective of market conditions.

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Identify Your Customer

Identify your target audience

Build a whole personality

profile

Market your property at

right avenues

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Revamp Your Website

» Make it user-friendly» Have clear descriptions, photos and

directions» Integrate a booking engine to invite

viewers to book direct» Invest in Search

Engine Optimization (SEO).

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» Distribute inventory to multiple sales channels.

» Identify a few essential online channels- Expedia, booking.com, or more local websites?

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» Design a long-term strategy.» Identify prospects on Facebook,

Twitter, YouTube» Assess your hotel’s reputation

through online reviews. » Respond to reviews and

feedbacks. More so for negative ones

Get Social

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Price Shopping» Know your competitors.» Research the most competitive rate.» Position your rate accordingly

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Expand

» List a set of additional websites to target your guest

» Invest in channel management technologies.

» Ensure rates are accurate across all websites .

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Invest in Digital Marketing

» Attract guests with the right promotions.

» Place your marketing messages and advertising across the most relevant websites

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Switch to Automated Channel Management

» Access to market data.» Make quick and informed rate

decisions.» Manage rate and inventory

allocation automatically.

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Pillars Of Effective Channel Management5

Know your product, competitors and the market

KnowledgeGather business intelligence to analyze understand your position

Data

Ensure rate & inventory allocation is updated in real-time to maximize bookings

Access

Market the hotel to the right audience to increase reservations

ExposureUse market analytics to optimize RevPAR through effective allocation

Analysis

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Important Pins

» Continually reassess and analyze hotel data.

» Focus your market and develop stable revenue streams.

» Be adaptable to market changes.

15

YouThank

UK Sales Office:eRevMax Ltd.28 Leman StreetLondon E18ER, United Kingdom

Tel: +44 (0) 20 7422 7528Fax: +44 (0) 44 (0) 20 7265 5100E-mail: uk@erevmax.com

US Sales Office:eRevMax Inc.

37 North Orange Avenue, Suite 500Orlando, Florida 32801, U.S.A

Tel: +1 (321) 251 6559

Fax: +1 (321) 206 8630 E-mail: usa@eevmax.com

Visit us at www.erevmax.com

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