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 Virginia Beach: Summer oceanfront season; Neptune Festival; Military and Naval Station Norfolk travel; Sandbridge weekly rentals. Typical guests: Mid-Atlantic families on weekly stays, military travellers midweek. Where the work starts: Weekly summer pricing, military and government midweek floors, and winter minimum-stay reductions.
Virginia Beach hotels sell summer leisure, sports tournaments, conventions and military and government travel. We use government rates to protect weekday occupancy, build comp sets between the Oceanfront and the Town Center business area, and manage sports and convention group blocks so they do not displace peak summer transient demand.
The full service is described on our outsourced revenue management for hotels page; this page covers how it applies in Virginia Beach.