Revenue Hub

JANUARY 18, 2024

The answers to these and many more questions lie in hotel competitive analysis. Subscribe to our weekly newsletter and stay up to date What Is a Competitive Analysis in the Hotel Industry? A hotel competitive analysis is an important revenue management tool. There’s an exception to this rule though.

Competitive Analysis 82

Competitive Analysis Budgeting Pricing Article 82

Revenue Hub

JULY 13, 2023

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?

Competitive Analysis 94

Competitive Analysis Pricing Article Budgeting 94

Revenue Hub

JULY 24, 2023

When used strategically, your data can unlock hidden opportunities and make more informed decisions for budgeting, cost optimisation, marketing, and forecasting – all aspects of which determine the value and profitability of your venue space. This can assist in determining appropriate pricing strategies.

Pricing 85

Pricing Book Events Competitive Analysis 85

Revenue Hub

JUNE 26, 2024

We analyze historical data alongside current bookings to gauge market trends and the impacts of events, and to understand the business mix. This thorough analysis supports our forecasting, which is crucial for effective budgeting. We then set pricing and distribution strategies based on this information.

Competitive Analysis 113

Competitive Analysis Presentation Budgeting Marketing 113

Revenue Hub

NOVEMBER 9, 2022

By making specific offers to each market segment, a hotel can increase bookings and maximise the average daily rate. Identifying market segments allows the hotel to understand booking behaviours, reasons for travel and budget sensitivity. A booking engine and channel manager for sales channel development will also be required.

Pricing 73

Pricing Competitive Analysis Article Book 73

SiteMinder

JULY 13, 2024

There are many ways you can approach this, from motivating guests to book directly to offering extended stays, up-sells or extras as well as encouraging guests to become a return visitor. The fluctuating demand, strong competition, and ever-changing e-commerce landscape in hospitality necessitate constant attention and strategic adaptation.

Pricing 98

Pricing Book Budgeting Marketing 98

7 Shifts

OCTOBER 31, 2022

Competitive analysis. Explain how your restaurant will stand out in a sea of competition. A good idea is to include SWOT analysis for your restaurant, outlining the internal strengths and weaknesses you believe your new business would have, as well as any external opportunities and threats you'd face as an entrepreneur.

Document 158

Document Download Marketing Competitive Analysis 158