I-HOTELsim provides the opportunity for single users to run their business in an artificial intelligence format instead of competing with live interactive teams.

Concept:

Achievement focused and competency based learning. Individuals operate as revenue managers with a leading focus on revenue optimization through pricing strategies. Hotels compete with each other in real time and within real-to-life dynamics of a competitive set using an interactive artificial intelligence platform. As in a real market, the competitive strategies and decisions of each hotel affect both its results and the results of it competitors. Your hotel market share, revenue share, and financial results depend on your ability to organize, promote, and deliver a competitive price/value proposition to the market.

Process:

1. Gather information about your hotel, the competition, and the market.

2. Form a competitive and operating strategy.

3. Make decision consistent with the strategy.

4. Review results, then refine and redo steps 1-3 for the next month of competition.

Learning:

Mindset

  • Strategic pricing in a dynamic market place based on price/value positioning.
  • Constructing a cost effective and competitive product which supports incremental pricing and improved REVPar
  • The financial impact of pricing decisions on monthly and annual business results

Skills

  •  Forecasting Rooms
  • Optimizing REVPar
  • Targeting Revenue  Priorities
  • Managing Revenue Priorities
  • Competition Analysis
  • Competitive Pricing Response

Knowledge

  • Profit and Loss Statement
  •  Industry revenue metrics and  STR indexes
  •  Capital Investment impact
  • Incremental revenue

All hotel and market information can be easily customized to your learning and choice of market place.

Decisions:

Pricing Strategy
Channel Management
Room Pricing
Capital Improvements
Segment Marketing & Advertising

Reports:

Market share Performance
Segment Performance
Market Intelligence
Trend Graphs

 

Financials:  
Summary Income Statement
.

Scalable:
 Adjustable hotel size and facilities.

Customize:
Use your own course or company parameters.
Market demand and market contention factors are configured to suit.

Languages:    Available in English and Spanish.  Other languages available upon request.

Browser Based:  No need for software installation or IT assistance
                


Compatible:       Works with all major browsers and operating systems.

Competitive:     Individuals or teams compete against each other for real results without any artificial intelligence.

Intuitive:           Clear and easy to navigate screens.

Embedded Guides:   On page pop-up help screens.

Service:             Full instructor training and award winning support included.

Contact us for a live online test drive and immediate cost quote.