article thumbnail

What ADR Can Tell You and What It Can’t

Revenue Hub

Subscribe to our weekly newsletter and stay up to date ADR benefits The ADR provides various beneficial insights, from evaluating overall room or property revenue performance to informing competitive analysis and pricing strategy. Facilitates competitive analysis. Offers an overview of room revenue performance.

article thumbnail

Expedia Partner Central: The Complete Guide for Hotels

SiteMinder

Expedia Partner: How to become one To join the Expedia Partner Central, you’ll first need to create an Expedia account. If you’re new, you’ll need to set up an Expedia Partner account first. Logging in as an Expedia partner Use your registered email and password to log in.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Grow Hotel Profits with These Winning Revenue Management Practices

Revenue Hub

Key Revenue Management Trends for 2024 Effective revenue management includes a blend of technology, smart online marketing, competition analysis, and demand forecasting, to name a few. Failure to account for probable events on a specific date You may nod your head as you read through these.

Pricing 102
article thumbnail

The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

Industry Analysis : Document the size and trends in the restaurant industry to show readers you are an industry expert. Customer Analysis : discuss the types of customers you will attract and serve. Competitive Analysis : document local competitors and show how you will be able to carve out a niche in your market.

Document 157
article thumbnail

Hotel SWOT analysis: Your full guide

SiteMinder

Anyone who needs a clear path to action, from general managers to revenue generating or teams of subdivisions, will find their time spent on this analysis rewarded with valuable insights and a clear course of action. analysis at your property (with examples). Need to know more about competitive analysis?

article thumbnail

How to start a hotel business plan

SiteMinder

Research the current and projected demand for hotels in your location, taking into account factors such as population growth, tourism trends, and economic activity. Competition: Analyse your competitors, their strengths, and weaknesses. Break-even analysis: Calculate the point at which your hotel will start to generate a profit.

article thumbnail

How To Tackle High Restaurant Failure Rates In The US?

The Restaurant Times

High food costs can get out of hand quickly if not accounted for. Competition analysis, visibility and traffic in the surroundings, accessibility, parking spaces are all crucial elements for selecting the perfect location for your restaurant. Food costs make up one-third of the total cost incurred by restaurants.