no vacancy - bangkok edition june 2013
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Guest Speaker on - Driving Pricing, Revenue & Distribution in the Hotel IndustryTRANSCRIPT
Driving Pricing, Revenue & DistributionTarandeep Singh, Director Revenue Management for Hire (AMEA) & Manila Ops
25 June 2013
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
Source : STR Data as of 18 June 2013
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
Source : STR Data as of 18 June 2013
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
Source : STR Data as of May 2013
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
�Market Appropriate Rate
�Dynamic Pricing
�Discounts & Restrictions
�Segment Impact
�Flex discounts
�Clarity of Thoughts
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
© 2009 Revenue Analytics, Inc. All Rights Reserved.
Ra
te
Occupancy
Contribution
The perfect balance between
Rate and Occupancy generates
greatest profit
Searching all possible price points two nights to find the
optimal rates to maximize contribution
The Optimizer evaluates all potential
BFRs to find the optimal BFR
that maximizes contribution
The Power of Price Optimization
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
1. Estimated $13.6 billion in travel
bookings via mobile in 2013
2. For mobile sales, last-minute is king.
3. Email messages are increasingly being
viewed (and shared) on mobile
devices.
4. Paying for mobile search campaigns
seems to be an effective way to
targeting travelers.
5. The ideal situation is to have both a
mobile web and an app strategy.
6. Reviews matter.
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
T-Retailing B2C T-Retailing B2B
Inventory Management Big Data
Better and more relevant product Social Graph mining
Up selling capability Flexible Partnerships
Improved user experience Loyalty & Trust
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
Flow with it!!
Trace your
offers with
codes
Look out for
Reviews for
your Comp Set
Assign a team to
monitor and respond to
reviews based on
keyword alerts and
quality
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Asia, Middle East & Africa Revenue ManagementPrivate & Confidential | © 2013 IHG. All rights reserved
Expansive Mid Lifers
Digital Baggage
Urban Tension
Predictive service
Circular not linear