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 Traverse City: National Cherry Festival; Sleeping Bear Dunes and wine trails; Mackinac Island travel; Boyne and Crystal Mountain ski weekends. Typical guests: Midwestern families on weekly summer stays, couples on wine weekends. Where the work starts: Summer weekly pricing with festival premiums, foliage weekends, and off-season floors.
Traverse City hotels and resorts compete for summer family demand, wedding blocks at vineyards and resorts, golf groups and conference business at the larger properties. We split comp sets between bayfront hotels, downtown and the resort properties, protect Cherry Festival and July weekends from early groups, and push meetings and retreats into spring and autumn shoulders.
The full service is described on our hotel revenue management consulting page; this page covers how it applies in Traverse City.