Madison Concourse Hotel Uses Real-Time Dynamic Yield Management in Maestro PMS
An effective revenue management strategy supported by reliable hotel Yield Management tools is essential to maintain profitability in today’s market.
Many Maestro clients have a dedicated revenue manager who creates their rate strategies and implements them directly. Other clients take advantage of Maestro’s two-way integrations with third-party Revenue Management Systems that work in concert with Maestro’s Yield Management to automatically implement rates and policies. Regardless of integration options, Maestro users can take advantage of the supplementary rate reporting tools and business intelligence built into Maestro to monitor the success of their yield strategies.
The Madison Concourse Hotel is an independent property. "We have to do a good job optimizing rates because our hotel does not have access to a brand’s revenue management system. I use Maestro’s Yield Management to implement many of our revenue management strategies. It does a great job,” said Kristine Grigas, Director of Revenue Management at The Madison Concourse Hotel and Governor’s Club. “I have used other systems and like Maestro because it gives us confident control over our rate ranges by date, and rate close outs at specific occupancy percentages to consistently offer the best rate at the right time.”