Hospitality revenue management is fluid and requires in-depth knowledge of the client’s preferences, smart pricing structures, competitive offerings and revenue evaluations to devise profitable and sustainable revenue streams for the asset. To ensure your asset’s alignment with financial projections and goals, HOC Hospitality Advisory evaluates your existing revenue sources and, using our four decade-long financial expertise of the local and international hospitality markets, we develop strategies for maximizing revenue generating areas.
Increasing revenue generation to drive profitability is incomplete without attention to detail on the cost impact of operations. Therefore, a fundamental aspect of our Revenue Optimization and Cost Control Advisory service includes evaluating the costing bases of your operations. We delve into finer aspects of cost control by identifying cost control opportunities, optimizing roles and responsibilities and developing asset-appropriate inventory control policies. These studies are done with service levels in mind whilst ensuring that ensuing strategies do not compromise the quality nor the service delivery process of the envisioned guest experience.