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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 competitionanalysis, pricing strategies, and tools to simplify the process.
This dynamic approach requires a blend of data analysis, market insight, and strategic action. Competitiveanalysis Before setting any pricing strategy, it’s essential to understand the lay of the land. Here’s a deeper dive into how the process unfolds: Step 1.
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