Revenue Hub

JUNE 22, 2023

LodgIQ can factor in hundreds of variables at any given time, ranging from sales patterns and customer footfall to external information such as weather, current events, and public holidays. This data aggregation scope is simply impossible for hotels relying on legacy pricing strategies.

Competitive Analysis 96

Competitive Analysis Pricing Information Book 96

Revenue Hub

JUNE 26, 2024

Revenue management is about selling the right product, at the right time, to the right guest, at the right price, through the right distribution channel. We analyze historical data alongside current bookings to gauge market trends and the impacts of events, and to understand the business mix.

Competitive Analysis 113

Competitive Analysis Presentation Budgeting Marketing 113

Revenue Hub

FEBRUARY 20, 2024

Key Revenue Management Trends for 2024 Effective revenue management includes a blend of technology, smart online marketing, competition analysis, and demand forecasting, to name a few. As you know, appropriate pricing is key to any profitable hotel. Then, when you review your future pricing, you can use them as a guide.

Pricing 109

Pricing Book Download Accounting 109

SiteMinder

JULY 13, 2024

Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. Optimal strategies and techniques are dynamic, based on the understanding that hotel pricing is fluid and can change from one day to the next.

Pricing 98

Pricing Book Budgeting Marketing 98

7 Shifts

OCTOBER 31, 2022

But give an idea of some dishes or drinks with projected price points. Talk about things like foot traffic, day-parts, local events, and what that part of the city looks like in the future. Competitive analysis. Explain how your restaurant will stand out in a sea of competition. Sample Menu.

Document 158

Document Download Marketing Competitive Analysis 158

SiteMinder

OCTOBER 5, 2023

Data-driven insights : With tools like Rev+ for revenue management and competitive set analysis, hotel owners can make informed decisions to optimise rates and stay ahead of the competition. This section lets you adjust room rates, offering flexibility in response to changing demand or special events.

Competitive Analysis 59

Competitive Analysis Book Information Property Management 59

The Restaurant Times

MAY 25, 2021

Targeted Audience Analysis: Analyze the demographics or customer groups you are planning to focus on. This type of analysis will include observing, documenting, and reporting your target audience’s spending habits and consumption behavior. The analysis must include: Market segment catered to by the competitors.

Revenue Projections 52

Revenue Projections Training Competitive Analysis Marketing 52

Synergy Suite

MAY 13, 2024

Traditionally, fast food meant really tasty food at some of the cheapest prices. Such insights can help business owners tailor menu offerings, price points, and marketing initiatives in line with what truly captivates their target audience. This includes creating portion sizes and setting prices.

Document 52

Document Pricing Marketing Competitive Analysis 52