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 Saratoga Springs: The Saratoga Race Course summer meet; The Travers Stakes; Saratoga Performing Arts Center concerts; Skidmore College and the mineral-springs spa town. Typical guests: New York and Albany racing fans on week-long and weekend stays downtown and near the track, plus concert-goers and college visitors. Where the work starts: Dramatic track-season premiums and long minimum stays during the meet, Travers-weekend surge pricing, and a soft off-season that needs monthly rate cards.
Saratoga hotels see extreme compression in racing season and modest demand otherwise. We set multi-night minimums and premium rates for racing weekends, protect Travers and other big race days from group displacement, and use the off-season for corporate, wedding and association business from the Albany region. Comp sets should be split between downtown and properties along the Northway.
The full service is described on our hotel revenue management consulting page; this page covers how it applies in Saratoga Springs.