Our Approach to Revenue Management
Born out of the idea of helping those who need it most, our Short Term and Vacation Rental Revenue Management consultants work with clients where we can make the biggest impact for the good of their Hospitality business. The mission of CHILCHILL Consulting has always been focused around providing simple, straightforward and affordable vacation rental consulting, revenue management support, advice and training to vacation rentals owners and property management professionals.
We are very flexible with how we work, and are happy to be as hands-on or hands-off as you need us to be. CHILCHILL Consulting has clients across the spectrum – some who want us to help them get set up with their revenue management strategies, and they take it from there, some who want us to strategize, implement, and manage it all on an ongoing basis on their behalf, and some who prefer some combination of assistance in between.
We imagine a world in which the vast majority of hospitality professionals have access to all the tools, techniques and expertise usually reserved to the top accommodation chains, in order to achieve their business goals.
Vacation Rentals Revenue Management and consulting services company
Vacation Rentals Revenue Management ConsultingWhen setting a strategy for your vacation rental property, you’ll want to start with a few basic steps. How much time do you spend on strategic vs. tactical revenue management?
Vacation Rentals Yield Management ConsultingA professional team of expert revenue managers who can offer advice, support and experience to Short term rentals, serviced apartments, hotels and hostels in need.
Successful direct booking strategyThe growth of bookings on OTAs and the subsequent commissions charged is an ever-present challenge for any property manager or owner. We will implement the right strategy for your property.
Online Distribution Consulting ( OTAs )Efficiently control your online distribution with our dedicated support team who will set up and maintain all your online travel agencies channels.
Vacation Rentals Digital MarketingYou will be surprised to know most of your bookings could come from these social media and online channels. We help you create and manage organic and paid campaigns
Short Term Rentals Pricing & Promotion Review ConsultingCHILCHILL knows the rates and tariffs that are being offered at competitors in your market which provides us to make the right decisions when it comes to pricing, tactical and promotions.
Outsourced Revenue Management Consultants for vacation rentalsThe Revenue Management Consultants can help you identify the right rate for each room, the right time to sell them and the right promotions to run. This will help you make more money off each room by providing it at the right price at the right time.
Dedicated Vacation Rentals Revenue ManagerIf you're looking for a way to help your vacation rentals increase its revenue by making sure your customers are happy with their stays, then hiring a hotel a dedicated revenue management consultant might be something worth considering.
Strategic Short Term Rentals Revenue ManagementRevenue Management Consultants are a crucial part of the short term rentals business. We are responsible for maximizing your hotel revenue by analyzing pricing, occupancy, and demand to determine the most profitable price point for a particular room.
Revenue Management vacation rentals and moreCHILCHILL helps vacation rentals, whether they are chains, independent, or complimentary, deliver digital products that give travelers exactly what they want. Our digital experience solutions include hotel e-commerce, distribution management systems (DMS), and white label booking engine programs.
Vacation Rentals Yield Management Full CapacityOur Vacation Rentals Revenue Management Consultants are experts at maximizing hotel revenue. They focus on maximizing the number of rooms that a property can sell, and making sure those rooms are sold at the highest possible rate.
Strategic Marketing & Revenue PlanningVacation rentals Revenue Management Consultants focus on maximizing your hotel's revenue by utilizing data analytics and predictive modeling. Strategic Marketing & Revenue Planning are the keys to success.
Vacation Rentals Revenue Management OutsourcedVacation Rentals Revenue Management Outsourced to CHILCHILL Revenue Management Consulting company can save both time, and money, especially when it comes to Vacation Rentals that have more than one property. The staff at CHILCHILL Short Term Rentals Revenue Management company, has years of experience in hotel revenue management and can help you maximize your Property rentals profits by managing your revenue from every angle possible. We provide full-service solutions
Demand forecasting servicesCHILCHILL Vacation Rentals revenue management demand understanding and forecasting services are a key component of the hospitality industry. We provide a range of benefits for listings rentals and their staff, including: - Better understanding of customer needs, which allows for more effective marketing and pricing decisions - More accurate occupancy rates and room rates, which allow you to maximize your revenue - Improved customer satisfaction through better service levels
Vacation Rentals Rate optimization software and consultingVacation Rentals Pricing and Revenue Optimization is the process of using a variety of pricing strategies to maximize revenue while minimizing cost. It is used by hotels, airlines and other travel management companies to set room rates, change prices based on market conditions, maximize occupancy and manage inventory. We at CHILCHILL do the process involves identifying the best combination of rates and rooms to maximize overall Vacation Rentals revenue.
Data mining and analysisThe first step in creating a revenue management system is to obtain data about how each listing type is used during different times of the year. This data can then be analyzed to determine whether changes need to be made in order to increase revenue. For example, if there are more rooms booked during certain times than others, it may make sense for the property owner/manager to increase rates during those times and lower them during off-peak seasons.
Marketing and advertisingMarketing and advertising are two of the most important aspects of revenue management. Marketing is the process of attracting guests to a hotel, while advertising is the process of getting guests to come to your property. Hotel revenue management helps property owners and management increase their profits by providing them with data about what their customers want, how much they're willing to pay for it, and when they want it.
Vacation Rentals Rates & Pricing Strategy analysisTo begin with, it is important to understand the different types of pricing strategies that are used by Vacation Rentals: 1) Priced-based: The basic concept behind this type of pricing strategy is that you charge customers based on what they are willing to pay for your product or service. 2) Yield Management: This strategy focuses on maximizing profits by forcing customers into making purchases at higher prices than they would normally pay for similar services elsewhere
We support Vacation Rentals Owners & Property Management Companies Short Term Rentals around the world
Increase in average daily room rate year of year, beside filling the left rooms.
We focus on RevPar, balance between Occupancy and ADR. RevPar is the key.
Market Share index
Hotel market share is always monitored, to ensure your are getting teh right fair share.
Revenue Management for Short Term Rentals Services
Vacation Rental Performance Overview
Check your current Market performance vs you vacation rentals listings.
Listings Competitors Pricing/Value Analysis
Market and competitor set rate, performance, and set the right pricing vacation rentals strategy.
Listing Rnetals Performance Deep-Dive
Deep dive in your vacation rentals listings performance and mark the weaknesses and strengths to working on.
Vcation Rentals Reporting Structure
Set the right reporting structure for your vacation rentals, assign tasks, train, monitor and manage.
Analysis to your current distribution channels, suggestion, and boost via channels.
Check your current systems, and get the most of their capabilities and options to improve.
YIELD MANAGEMENT PRACTICES & OPERATING PROCEDURES
Yield management process, practices, current, and suggestions