Editorial Board   Guest Author

Mr. Varma

Gaurav Varma

Product Marketing Manager, Milestone Inc.

Gaurav Varma is a Product Marketing Manager at Milestone, Inc., a leading provider of digital marketing software and services for hospitality, retail, banking and finance with headquarters in Silicon Valley, CA. Over the years, Milestone has developed effective and successful digital marketing solutions that drive revenue and return on investment for its clients including; award winning products such as Content Management System (CMS 6.0), Local Listings Platform (Milestone Local), Online reviews management software (Milestone Reviews), Social Media Marketing Software (Milestone Social), Digital and Competitive Intelligence Software (Milestone Insights), and a Cloud based Integrated Digital Marketing Analytics Platform (Milestone Insights). Mr. Varma is responsible for driving product pricing, positioning and packaging with customers; helping build marketing materials to support all stages of a product sale; developing and improving Milestone's marketing collateral, presentations, materials, and tools used by Milestone's direct sales force; providing training and support for the Sales team and leading the annual sales training; developing leadership content; enhancing brand and increasing brand awareness; generating leads through marketing efforts; and supporting the Sales team and Client Services team. Mr. Varma serves in a leadership capacity to promote Milestone's products and services, including strategy development, technical implementation, optimization, reporting and analysis, and information technology management. Mr. Varma has extensive experience working in the luxury hospitality industry and specializes in Digital Marketing, CRM, Loyalty and Revenue Management with brands such as Oberoi Hotels & Resorts & Trident Hotels. Mr. Varma holds a Master's degree in Business Administration (MBA) with a concentration in Information Technology.

Please visit http://www.milestoneinternet.com for more information.

Mr. Varma can be contacted at 408-200-6949 or gaurav.v@milestoneinternet.com

Coming up in October 2020...

Revenue Management: Maximizing Profit

Hotel Revenue Management continues to evolve at a blistering pace. Driven by technological innovation and new distribution channels, there are some dynamic opportunities for expansion in this fast-growing field. The technology is primarily designed to help revenue managers further refine their operations and pricing models to maximize hotel profit. For example, hotels can't be all things to all people, so a key strategy is to precisely identify their target audience. By employing geo-targeting techniques and analyzing behavior such as previous bookings, on-property purchases and online shopping practices, there is an increased capability to define guest demographics. By segmenting customers in more specific ways, hotels are able to create more personalized experiences which, in turn, allow managers to optimize their room rates. It is also an effective way to fulfill the unique needs and preferences of the individual. Another methodology is to consistently monitor the competition's pricing strategies. There are software tools that analyze a competitor's current rates, and then allow a hotel to make its own pricing adjustments. It is also a useful means to conduct forecasting models. Other technologies that are being integrated into a revenue manager's toolkit include Artificial Intelligence in the form of automated algorithms, and Voice Recognition (VR) for data inquiries, rate changes, and booking behavior. Predictive and analytic software programs are also being leveraged to provide more forward-looking data, instead of the usual reliance on historical performance. These metrics allow managers to be more proactive - rather than reactive - with their revenue strategy. The October issue of the Hotel Business Review will examine these developments and report on how some leading hotels are executing their revenue management strategies.