A Potent Pairing of Technologies
Potent (adjective) po·tent
: having great power, influence, or effect
: having great power, influence, or effect
Lexicon is excited to bring Revenue Management as a service to the sharing economy by combining Key Data Dashboard, the leading provider of data and business intelligence for short term rentals, best practices in revenue management, and channel management to the alternative lodging market.
With over 50 years of combined experience, our Revenue Strategy team have carefully curated our set of Best Practices based on their knowledge of revenue management and how an overall channel strategy (all channels) can influence revenue, but almost more important, profitability. We believe revenue management does not exist without a good channel management strategy. Channel management is not just about distribution — it is about strategically managing all channels. Those channels include: voice, web, wholesale, and possible group business. Key Data Dashboard will provide Lexicon with business intelligence and benchmarking tools so our skilled Revenue Strategists can deploy revenue management best practices to yield higher profits for our clients. Our Revenue Management service clients will gain access to Key Data’s real-time benchmarking tools and electronic data integrations, including insights into how their performance compares to their competitors. Access to Key Data’s entire suite of state-of-the-art revenue management tools, featuring views of 20-plus KPIs, will be available as well. |
Key Data is a crucial tool for any property manager looking to compete. Data is king, but clients need proper analysis and interpretation to drive actionable and measurable results. We deliver that expertise to ensure our clients maximize their revenue potential. |