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 Minneapolis: Minnesota State Fair; Vikings, Twins and Wild seasons; Mall of America and conventions; Lake season and summer festivals. Typical guests: Regional families and event travellers on 2 to 3 night stays, corporate guests midweek. Where the work starts: Fair-week and game-day premiums, corporate rates, and deep winter floors.
Twin Cities hotels serve corporate, convention, sports and leisure segments. Downtown Minneapolis hotels compete on proximity to stadiums and the convention centre, St. Paul properties benefit from the fair and Xcel Energy Center, and Bloomington hotels near Mall of America and the airport attract shoppers and groups. We protect fair and game dates, manage convention blocks and set winter group rates.
The full service is described on our hotel revenue management consulting page; this page covers how it applies in Minneapolis.