News for the Hospitality Executive
Tristar Hotel Group Offering Revenue Management
and Online tools for Struggling Hotels
Ownership and management company
develops online ‘RM3’ revenue management
and ‘HMOnline.com’ training and resources for any hotel looking to increase revenues,
improve operational efficiencies, and enhance guest satisfaction
Phoenix — August 4, 2009 — Amidst today’s economy, hiring a management company to assist with hotel operations may not be a viable option for all owners. Therefore Tristar Hotel Group, a hotel management and ownership group based in Phoenix, is offering its 50 years of experience in operating full and limited service properties to struggling hoteliers via a new subscription based revenue management service, RM3. An online resource, HMOnline.com, also is provided that includes a wide array of tools and services that have been combined and are delivered over the Internet at a fraction of the cost charged by typical management companies.
“The release of RM3 and HMOnline marks a significant milestone in our efforts to provide all hotels with cost-effective, user friendly online management tools,” said Ken Edwards, managing partner of Tristar Hotel Group. “These solutions supply hoteliers with the competitive tools they need to increase revenue and improve property operations and guest retention. Trials of RM3 and HMOnline have proven to increase occupancy, revenue, and guests’ satisfaction scores, while also improving the bottom line.
“With RM3, hotels will benefit from Tristar’s proven years of revenue management expertise via a cost-effective alternative to higher priced solutions,” he said. “Since its launch, RM3 already is proving to increase revenues by at least 15 percent at hotels across the country who have subscribed to the service.”
For more information on either RM3 or HMOnline.com, call directly at (602) 357-4756, or visit the website at www.hmonline.com.
Tristar Hotel Group boasts 50+ years of hotel experience, operating both Full and Limited Service properties. Tristar currently manages more than 2,000 employees and their Hotels generate more than $100 million USD annually in revenue.
Tristar currently operates hotels across the United States, with a number of hotels in development, and is a preferred vendor as a Hotel Management Company with InterContinental Hotel Group, Carlson Hospitality, Best Western, Choice Hotels, Hilton Corporation, Wyndham, and Independent Hotels.
Tristar Hotel Group is both an Owner and a Hotel Operator. They understand
the concept of increasing the valuation of a Hotel by developing sales,
which in-turn creates Net Operating Income. Tristar is a Sales & Marketing
oriented Hotel Management Company that has strengths in cost controls and
employee development. Once the physical plant is improved, in conjunction
with a concentration of direct sales effort, employees are trained to the
highest standard to ensure that new and old business continues to repeat
month after month. It is the experience and dedication of Tristar to the
Hotel Industry that breeds success at all of their Hotels.