• Location within blocks of the Inner Harbor and the financial district
• Yield management pricing system
• Franchise marketing
• No “all-suite” competitors in the area
The hotel is located in a prime location due to its proximity to both the Inner Harbor and the financial district. The location suites both the business executives coming into town during the week and the leisure travelers who are visiting over the weekend.
The yield management pricing system enables the hotel to operate much like the airlines to maximize occupancy rates with variable pricing.
The Royale Suites Baltimore has strength in its national brand recognition as a ...view middle of the document...
• From a Baltimore-Chesapeake partnership with local professionals in related arts to create a five-star restaurant exclusively for Royal Suites.
• Customized targeting of the Bus Tours, Corporate Groups, Airlines and Weekend Packages.
• Create weekend stay-over packages combining the hotel/restaurant with other events.
The Royale Suites will take advantage of Baltimore’s great schools for visual and culinary arts. We will form a Baltimore-Chesapeake partnership with local professionals in related arts to create a five-star restaurant exclusively for Royale Suites featuring classic dishes such as Maryland Crabs and other seafood. The art, décor, and cuisine will be thematically built around Baltimore, Maryland and the joint-venture collaboration between local art schools such as the Maryland Institute of Creative Arts and the Baltimore Culinary Institute will be a cornerstone of integration of the community and business.
In addition, we will create customized targeting of the Bus Tours, Corporate Groups, Airlines and Weekend Packages. The Monday-Thursday Business Travels’ price levels should be maintained at a premium as the demand is relatively inelastic, but the more elastic; price-sensitive leisure travels segment, Friday-Sunday, require heightened marketing efforts to stratify pricing through reservation timing so as to encourage maximum occupancy. In addition, weekend stay-over packages combining the hotel/restaurant with other...