Top 3 Core Objectives:
The Hazelton Hotel sought to replace its static revenue management approach with dynamic, data-driven strategies to better optimize pricing, manage overbooking, and improve profitability across segments and room types. With limited inventory and high guest expectations, they aimed to enhance efficiency and preserve the value of premium rooms through smarter forecasting and reporting.
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Adopt Dynamic Pricing:
The hotel wanted to move away from static discounting and instead adjust rates in real time based on demand patterns, improving competitiveness and maximizing revenue potential.
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Optimize Overbooking Strategy:
Recognizing the value of strategic overbooking, the team needed data insights to confidently manage limited inventory while reducing the risk of operational strain and guest dissatisfaction.
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Streamline Data Analysis:
Time-consuming manual reporting limited strategic action. With Optix, they aimed to simplify segment-level trend analysis, rate code evaluation, and year-over-year performance comparisons.