Varies depending on factors such as frequency of pace reports, volume of building negotiated and group rates, conference calls, etc. Monthly fee will be quoted after a quick analysis of expected work level is made, however in general, the average monthly fee can typically range from $1,200 - $3,500 per month for most hotels.
While negotiable, we typically require a bonus plan with modest payout for each 5% increase in revenue over the same month last year.
We require access to competitive set rates via software that can be copy/pasted to our custom pace report. Usually OTA Insight software is best, which usually costs around $60 - $75 per month. At times, however, we can use the free Expedia EPC comp set grid option, if that is available.
If your PMS is not cloud-based, we will need to remotely access your computer to run reports and manage rates. We use GoToMyPC software in this situation which costs around $50 per month.
Base monthly fee usually does not cover large projects, such as building a new CRS, PMS, Channel Manager or RMS. These projects are very labor intensive and generally run around $1,500 or more per project, depending on the complexity of the situation.
Interim Revenue Manager services are available, as well as training of your current Revenue Manager. Please contact us directly for a quote for these services.