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One of our key initiatives is managing and maximizing the revenue stream at each of our Radius Hospitality properties. Each property has a Revenue Management team that is proactive and works continually to assess, plan and react to the market changes in their area. With our Corporate Revenue Management support, the teams analyze current market conditions, understand our competitors, identify trends, develop sound pricing strategies, and utilize global distribution systems. We deliver three proven revenue growth strategies at each hotel: grow existing business, prospectand add new business, and build solid relationships. The result is that we consistently achieve industry leading Occupancy, ADR, and RevPar numbers.
Our market share premiums are further improved by our focused approach by:
- Utlizing Brand Resources
- Managing the E-Commerce Channels
- Accurately Forcasting to Ensure Maximum Revenues
- Making Daily Strategic Pricing Decisions base on Supply and Demand
- Applying Proper Stay Controls during High Demand Periods
- Understanding each Segment and Maximize Revenues within those Segments