Hotel revenue management consulting is an independent review of how a hotel prices, distributes and forecasts its rooms, followed by the strategy, calendar, reports and training to earn more from the same inventory. Unlike outsourced revenue management, the consultant does not make the daily decisions; your team does, with a better plan.
Demand drivers in Indianapolis: Indianapolis 500 and Brickyard events; Gen Con; Colts and Pacers seasons; Conventions and NCAA tournaments. Typical guests: Event travellers on 2 to 4 night stays, convention attendees midweek. Where the work starts: Indy 500 and Gen Con premiums set a year ahead, and convention-calendar pricing.
Indianapolis hotels depend on conventions, sports events and corporate travel. Convention blocks should be managed tightly, with release dates set well before high-demand weekends. Indy 500 and Gen Con dates need restricted rates and minimum stays, and the comp set should focus on properties within walking distance of the convention centre and stadiums.
The full service is described on our hotel revenue management consulting page; this page covers how it applies in Indianapolis.