SiteMinder

AUGUST 1, 2024

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.

Travel and Tourism 95

Travel and Tourism Competitive Analysis Pricing Budgeting 95

SiteMinder

OCTOBER 5, 2023

Expedia Partner: How to become one To join the Expedia Partner Central, you’ll first need to create an Expedia account. Once registered, you can manage your listings, interact with guests, and utilise the platform’s tools to maximise your property’s visibility and bookings.

Competitive Analysis 59

Competitive Analysis Book Information Property Management 59

SiteMinder

JULY 13, 2024

This dynamic approach requires a blend of data analysis, market insight, and strategic action. Competitive analysis Before setting any pricing strategy, it’s essential to understand the lay of the land. This involves a thorough examination of competitors’ offerings, rates, amenities, and even guest reviews.

Pricing 98

Pricing Book Budgeting Marketing 98

Larry Mogelonsky

FEBRUARY 5, 2025

Often, this requires strategic input on segment forecasts, competitive analysis and historical data analysis. Anticipating future demand, revenue managers work tirelessly to adjust rates in order to maximize occupancy levels. In-depth price calibration is critical and appropriate for properties in the lower and middle tiers.

Pricing 130

Pricing Competitive Analysis Concierge Guest Satisfaction 130