A STRATEGIC PLAN OF REVENUE MANAGEMENT FOR RESIDENTIAL CONDOMINIUM AND HOTEL

Number of Words : 2964

Number of References : 9

Assignment Key : H-19238

Contents

  • Content for this assignmentCustomer focus 3
  • Content for this assignmentStrategy for use of the local market 3
  • Content for this assignmentStrategy for foreign markets 4
  • Content for this assignmentStrategy to use for corporate and government accounts 5
  • Content for this assignmentSales proposal 6
  • Content for this assignmentAccount management 6
  • Content for this assignmentSales activities and exhibits 7
  • Content for this assignmentFinancial ability 7
  • Content for this assignmentOccupancy and revenue targets 7
  • Content for this assignmentService apartment’s occupancy and revenue 9
  • Content for this assignmentAverage customer cost 10
  • Content for this assignmentPercentage (%) of sales lost 10
  • Content for this assignmentPercentage (%) of neglected opportunities 11
  • Content for this assignmentNecessary time to make a sale 11
  • Content for this assignmentMarketing cost per lead 12
  • Content for this assignmentAverage sales revenue per sales executive 12
  • Content for this assignmentBrand awareness 13
  • Content for this assignmentDaily revenue report 13
  • Content for this assignmentUpdating pickup report 14
  • Content for this assignmentStrategy for managing room occupancy 14
  • Content for this assignmentStrategy to deal with overbooking 14
  • Content for this assignmentVIP business strategy 15
  • Content for this assignmentBusiness strategy for condominium and hotel 15
  • Content for this assignmentPrice strategy and room package 15
  • Content for this assignmentHotel trends 16
  • Content for this assignmentFinance to the budget 17
  • Content for this assignmentReferences 18

Description

This report is based on the following requirement -
You are acting as a new opened establishment which has around 40 storage level with specialize in SPA Service, the spa service is more specific of using negative ion from Japan to offer special service also it has Chinese restaurant and strive the first establishment that offer in Makati, Manila, Philippines. You need to make business strategy, and below are some ideas that need to be talk about in your plan. FEW THEORY PLEASE, more on APPLICATION AND IN DEPTH ANALYSIS, and other attachment is based upon the organization financial data. If you are the revenue manager, how can you devise your strategy on the said establishment.
1. Customer Focus
- Identify and strategy to meeting customer needs, interest, complaints, and trends (Korean, Middle
East, Japanese, and Philippines market)
- Strategy for other markets
- How to handle corporate and government accounts – (Approach strategy, suitable room package,
convention seasons, etc)
- Technical competence in knowledge of handling the:
o Corporate and Government Account (Channels, Account Trends, How to make proposal, where to find and up to date on the respective nations both local and international event)
o Vital Industry Sales Proposal and Contacts o Account management
o Sales activities and exhibits
2. Financial Sustainability
- How to Achieve Occupancy and Revenue (Separate Analysis for Residential Condominium and
Hotel)
- Average customer acquisitions costs
- % of sales lost
- % of neglected opportunities
- Necessary time to close a sale, from lead generation to close sale
- Marketing cost per lead
- Average sales revenue per sales executive
- Brand awareness %
- How to make Daily Revenue Report for Residential Condominium and Hotel (Separate Sides)
- Updating the Pickup Report
- Strategy for managing room occupancy, forecasting 20 days then disseminates and file them
- How to face overbooking room type (free upgrade ? or any suggested business strategy)
- VIPs business strategy
- How to make summary report of cancellations for the day, collection fr he day, turndown business
for the day,
- Give a theories for business strategy of condominium and hotel ( separately, don’t mix both
establishments)
- Price strategy
- Room package
- Hotel Trends
- Price discrimination
- How to achieve your budget

- Your sample of average room rate per day (for hotel and condominium, separately)
- ALL Nationalities market strategy ( define SWOT in market you think is beneficial both local and
international)
- Commissions to affiliated partners (sample)

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