Mumbai: The hospitality and tourism industries are witnessing exceptional growth over the last few years. Even though the Covid-19 restrictions and fear put breaks, these two service sectors are poised for greater growth in the coming days. However, the biggest challenge for a majority of hotels is online revenue management. When people are moving towards online payment services, the hotel industry is still struggling to adjust to the changing scenario.
Revmerito, the dream company of well-known entrepreneur Vishal Ajwani is filling this vacuum by offering all the services required for the hotel industry. Not only Revenue Management. But the company is also offering other services like Reputation Management, Global Distribution System, E-Distribution, besides Technology Consultation under a single roof.
Revmerito is the dream of Vishal Ajwani, who has 15+ years of experience in the Travel Industry – OTA’s, SAAS, Reputation Management, Online Distribution Channels, and revenue Management. An old student of the University of Mumbai, and St. Stanislaus High School, he launched revmerito in January 2017 to cater to knowledge-based services and solutions for Hotels globally. The company was started with the dream of becoming a market leader.
- In five years time, the company has been selected for prestigious awards like Most Trusted Online Revenue Management Service Provider – Global Choice Awards 2021, Young Entrepreneur Award – Indian Achievers Awards 2021, Best Hospitality Online Revenue Management firm 2021 – APAC Insider Business Award etc. But which reflects the company’s success and its growth story.
Ms Smritee Shah is the Co-Founder of the company who comes with an experience of more than 8 years in hospitality. She has been a hotelier herself and has also completed her degree in hospitality from IHM- Goa. Also, one of the prestigious hotel management institutes of the country.
In the span of just five years, the company is managing the portfolio of 100 plus Hotels across India ranging from 3, 4 and 5-star segments. The company is located in Vasai, Maharashtra, India, and the company target hotels in Pan India.
There is an interesting story behind the launch of this company. According to Vishal, he realized that stand-alone hotels did not have expertise and knowledge about online revenue optimization. So the idea was to start this firm and get the hotels to outsource their online business to the company. It took nearly one and half years to two years between the conceptualization of the company and its launch. The company offers online revenue management, online reputation management, GDS IDS Management, and E- Distribution.
The company measures productivity on the basis of revenue generated annually V/s revenue generated in the past year. Retainer Fee on a monthly basis is the company’s revenue model. The company is working closely with STAAH brand as a collaborative business model.
According to Vishal, pricing, and Bouquet of services are the advantages of his company. “My dream is to become one of the most preferred online revenue management companies globally,” says Vishal.
When asked about where he wants to see his company in the next ten years. Vishal says he wants to expand the company’s footprint to at least 10 countries. The company’s core employee values include good communication skills, analytical approach, humility and truthfulness.
Vishal, who considers Ratan Tata as his inspiration says the biggest challenge of his five year’s journey as the head of the company is funding and certain directors in the organization decided to quit in the early stages of company formation, “However I decided to take the brand further and scale up the business in a bootstrap scenario,” he says.
Vishal says he measures his success on the basis of positive feedback about the company from all his business partners and employees. “Don’t shy away from converting your dreams into reality, if you have an idea which can transform your and your client’s business into 5X returns just go for it,” he suggests to the new entrepreneurs.
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Why Revmerito?
- Save resource cost, why employ at high costs?
- Make your online business, attrition proof
- Expand online visibility
- Focus on your core hospitality functions and leave the online and digital hassles to revmerito
- Sell right rooms at right time at right prices
- Increase revenue by occupancy and rate
- Improve online image and reputation, improve conversions
- Unable to decide on Technology and Tools? revmerito will guide you with best of suggestions and Recommendations
