A 200-room branded hotel was trailing behind its competitive set in ADR and RevPAR. Just 6 months into the year, it was already $150,000 behind in budgeted GOP. MacMillan & Richler reviewed the hotel's historical statistics and saw that occupancy was already at its maximum during the summer months. There were only 3 months left to the current peak season so our immediate action was to maximize on the remaining inventory, managing selling rates and strategies on Transient and OTA bookings on a daily basis. Simultaneously we worked with the sales team, realigned focus and introduced new, higher rate structure for the subsequent year while maintaining and solidifying existing client relationships. As a result, the hotel not only recaptured the GOP deficit, it ended the year more than $55,000 over the budgeted GOP.
That's an incremental $200,000+ in GOP in just 6 months under MacMillan & Richler management. In the subsequent year, by following a new revenue management approach that MacMillan & Richler had put in place, the hotel increased ADR and RevPAR substantially, finishing ahead of its competitive set.