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Mastering Hotel Competitive Analysis: The What, Why and How

Revenue Hub

NB: This is an article from Canary Technologies But how well do you know your competitors? And more importantly: how can you use this knowledge to optimize your pricing, marketing and conversions? The answers to these and many more questions lie in hotel competitive analysis. There’s an exception to this rule though.

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Why it’s time to add Reddit marketing to your mix

Smart Brief Hospitality

Since the company’s IPO in March, its stock price has gone in the opposite direction everyone anticipated — up, up, up. Competitive analysis I kept this separate from the research category on purpose — keeping an eye on competitors and discussion about competitors is a huge value add for any marketer.

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How to Elevate Hotel Revenue and Occupancy with Dynamic Pricing

Revenue Hub

NB: This is an article from BEONx , one of our Expert Partners When it comes to maximizing revenue and occupancy rates, dynamic pricing strategies have taken a quantum leap forward. This comprehensive guide not only demystifies dynamic pricing but also showcases innovative approaches to elevate your hotel’s performance.

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How to Drive Hotel Profits with Revenue Management

Revenue Hub

From poring over data to scouring competitors and hoping the room rates are the right price to attract visitors, they can make daily adjustments that never quite work. NB: This is an article from Franco Grasso , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date The problem is a simple one.

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What ADR Can Tell You and What It Can’t

Revenue Hub

NB: This is an article from Altexsoft However, like any other technique, it comes with its own strengths and weaknesses. This continuous monitoring can reveal valuable insights, such as identifying peak revenue-generating periods, recognizing the impact of specific events on revenue, or understanding the effects of a new pricing strategy.

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How to Maximize Hotel TRevPAR

Revenue Hub

NB: This is an article from WebRezPro On a given night, both book an equal number of rooms. However, in our imaginary revenue competition, there is a clear winner. Competitive Analysis TRevPAR is a useful metric for comparing your performance to that of your competitors. How is this possible?

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Top Hotel Revenue Management Strategies to Boost Revenue

Revenue Hub

NB: This is an article from Lybra , one of our Expert Partners. This article discusses the three most important strategies hotel revenue managers must use to boost revenue and how a revenue management system (RMS) is being used to forecast demand and automatically perform dynamic pricing. Dynamic pricing.

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