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How to Decide Hotel Rates: A Complete Guide for Hoteliers

Hotelogix

Setting the right rates for your rooms is not just about numbers; it’s about balancing guest expectations, understanding demand, and staying competitive. In this blog, we’ll cover everything you need to decide hotel rates smartly, including competition analysis, pricing strategies, and tools to simplify the process.

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How to start a hotel business plan

SiteMinder

This blog will give you a comprehensive guide to creating a business plan for your hotel. A well-crafted hotel business plan is essential for laying the foundation for success in the competitive hospitality industry. Break-even analysis: Calculate the point at which your hotel will start to generate a profit.

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Expedia Partner Central: The Complete Guide for Hotels

SiteMinder

In essence, a well-managed Expedia listing balances promotion with accuracy, ensuring guest satisfaction from booking to stay. Expedia extranet features & tools Expedia Partner Central includes two particularly notable tools: Rev+ and the Guest Experience Tool.

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Hotel revenue management strategies and solutions

SiteMinder

This blog will tell you everything you need to know about hotel revenue management, including how to optimise your strategy and look for the best solutions to help. This dynamic approach requires a blend of data analysis, market insight, and strategic action. Here’s a deeper dive into how the process unfolds: Step 1.

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How to Start a Hotel Business

Xotels Hotel Revenue Management

We consider the following characteristics to be of great help: Guest first mentality & proactiveness, meaning always thinking of how the guest feels around your hotel and what can be done about it to improve their experience. Imagine the type of guests which will be likely to visit your hotel. Competitive Analysis.