Room Rental Shop
The Room Rental Shop offers a solution that will help to adjust pricing strategies and improve revenue management in hotels. It focuses on optimizing room rates and increasing revenue per available room (RevPAR) by providing actionable insights into pricing and occupancy patterns.
Knowing how to charge for rental of the available spaces within your hotel can make or break your sales for the year. Our specialized Room Rental Shop will outline your competitors’ event space and rental fees; it does not include any sleeping room information or rates. We will get all the information you need for one main space in the hotel, e.g., ballroom, breakout space, office/boardroom space. You may specify that we check availability for a weekend or weekday, as the pricing can vary greatly between the two. This shop is customizable to your specific needs.
A call is made to the hotel sales department, where the information is gathered. We ask for written proposals so that they may be passed along to you. All specifications of the space you choose are checked. We will give you the square footage, and if requested, we can break down the rental feet per square foot of space. Any documentation provided to us will be passed along to you at no additional charge. Once the reports are completed, they are entered into an Excel spreadsheet for your convenience and returned to you via email.
Pricing is for up to five of your competitors; additional hotels can be added for an additional fee. The turnaround time is generally two to three weeks; however, if it is completed prior to that, it will be returned to you immediately.
For pricing or to order this shop, please sign in to the client dashboard.
You can also give us a call at (360) 458 5348
during the hours of 7:00am-4:00pm PST
or email us at sales@hisreports.com.
Thank you!