The Sebel Canberra Civic increases revenue by $306k

REVENUE MANAGEMENT

The Sebel Canberra Civic increases revenue by $306k

Discover how adopting our revenue management system (RMS) transformed The Sebel Canberra Civic’s revenue strategy, enabling accurate demand forecasting, and facilitating more informed, strategic pricing decisions.

Why it matters: The Sebel Canberra Civic is a premium hotel located in the heart of Australia’s capital, offering apartment-style accommodation. Falling under the Accor umbrella and operated by Vista Hospitality, the property faced a fluctuating demand landscape and significant challenges in optimizing revenue.

The Sebel Canberra Civic partnered with revenue consulting firm Veritasus Consulting, to adopt a data-driven approach to pricing, to increase their market share and overall performance.

Top 3 Core Objectives: The property, in collaboration with the revenue consulting firm Veritasus Consulting, identified missed revenue opportunities and recognized the need for an RMS to help them capitalize on demand and optimize their pricing strategies.

Rates to match demand: The Sebel Canberra Civic sought to move away from its manual, static pricing approach to a more dynamic, data-driven strategy. The goal was to capitalize on market opportunities and adjust prices in real-time to boost revenue.
Optimize market mix: The hotel aimed to move away from one-size-fits-all pricing strategies and instead target the most profitable segments during peak periods to maximize revenue.
Gain deeper understanding: The Sebel Canberra Civic intended to enhance its ability to collect and analyze key performance data, gaining actionable insights for more informed and strategic decisions. By leveraging our RMS, the goal was to shift from a reactive approach to a proactive revenue management strategy.

Innovators Mentioned

The Sebel Canberra Civic

Duetto

Nicholas Hurley

Managing Director

The Sebel Canberra Civic

"Since adopting Duetto, The Sebel Canberra Civic has experienced significant improvement in commercial performance. It has enabled us to take a more strategic approach to pricing, resulting in a significant boost in revenue."

Nicholas Hurley

Managing Director

👍 Managing Director Nicholas Hurley said that Since using Duetto, The Sebel Canberra Civic is more strategic than ever, positively impacting their revenue.:

"Since adopting Duetto, The Sebel Canberra Civic has experienced significant improvement in commercial performance. It has enabled us to take a more strategic approach to pricing, resulting in a significant boost in revenue."

⚖️ The selection process: During their research process, Nicholas Hurley evaluated Duetto's product differentiators, customer support, and holistic value as a strategic partner and ultimately decided that Duetto was the best fit solution:

Managing Director Nicholas Hurley said, about their decision: "After considering various options, we selected Duetto’s RMS for its strong value proposition and user-friendly interface, which made the transition effortless. The combination of precise forecasting and real-time insights was key to boosting our revenue and helping us achieve significant growth."

📈 The results: Our RMS transformed The Sebel Canberra Civic’s approach to revenue management, delivering impressive results and a measurable impact on their commercial performance.

$306K increase in market share: Driven by more precise pricing and enhanced demand forecasting, The Sebel Canberra Civic saw notable gains in market share. Our system provided accurate insights into demand fluctuations, allowing the hotel to adjust rates accordingly, stay competitive, and increase revenue.
Accurate forecasting of low-occupancy dates: Leveraging real-time data and dynamic pricing capabilities, the hotel identified low-occupancy dates in advance and implemented targeted rate adjustments to attract more bookings. This proactive approach not only increased occupancy levels but also optimized revenue during off-peak times.
Enhanced ADR during high-demand periods: During periods of high demand, our pricing optimization tools allowed The Sebel Canberra Civic to increase average daily rate (ADR). With access to detailed market insights and predictive analytics, the hotel was able to set prices strategically to capitalize on peak demand periods. This proactive pricing approach ensured that the property stayed competitive while outpacing nearby competitors.