Hotel revenue management outsourcing means an external team takes over the revenue manager role: daily rate and inventory decisions, restrictions, forecasting, distribution and reporting. You keep control of the hotel and see every decision; the work, the tools and the expertise are provided for a monthly fee instead of a salary.
Demand drivers in Madison: Badgers football at Camp Randall Stadium; University of Wisconsin commencement and move-in; The Dane County Farmers' Market on the Capitol Square; Ironman Wisconsin. Typical guests: Alumni and visiting parents plus Epic Systems corporate visitors on 2 to 3 night stays near campus, downtown and the isthmus lakes. Where the work starts: Game-day and graduation premiums with two-night football minimums, corporate weekday demand tied to Epic in Verona, and midweek pricing between event weekends.
Madison hotels balance university, government, corporate and event segments. Epic's user group conferences and training weeks bring heavy corporate demand to the west side and Verona, Monona Terrace hosts conventions downtown, and football weekends compress the whole market. We set game-day and commencement rates as soon as dates are known, negotiate corporate rates with blackout dates on those weekends, and keep group blocks out of the peak Saturdays.
The full service is described on our outsourced revenue management for hotels page; this page covers how it applies in Madison.