Hotelogix

JANUARY 19, 2025

Did you know that effective hotel pricing can increase revenue by up to 20%? Setting the right rates for your rooms is not just about numbers; it’s about balancing guest expectations, understanding demand, and staying competitive. Steps to Analyze Competitor Pricing: Track room rates across OTAs and direct websites.

Pricing 100

Pricing Demo Competitive Analysis Book 100

Hotelogix

DECEMBER 19, 2024

Here's why hotel business intelligence is key: Smarter Choices: Accurate data helps you choose about prices, ads, and other aspects. Happier Guests: Know your customers better and shape your services to fit their wants. Revenue Management Figuring out room prices can be tough. You need real facts to decide things.

Maintenance 100

Maintenance Training Pricing Information 100

Revenue Hub

JULY 24, 2023

This allows for better pricing and promotional strategies, ensuring a steady cash flow throughout the year. This can assist in determining appropriate pricing strategies. This helps in optimizing pricing strategies based on expected demand fluctuations.

Pricing 98

Pricing Book Events Competitive Analysis 98

SiteMinder

AUGUST 1, 2024

Competition: Analyse your competitors, their strengths, and weaknesses. Assess their pricing, services, marketing strategies, and customer reviews. Target audience: Define your ideal guest profile, including their demographics, interests, and travel habits. Revenue and pricing Now we’re onto the good bit!

Travel and Tourism 95

Travel and Tourism Competitive Analysis Pricing Budgeting 95

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

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. In essence, a well-managed Expedia listing balances promotion with accuracy, ensuring guest satisfaction from booking to stay.

Competitive Analysis 59

Competitive Analysis Book Information Property Management 59

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

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.

Definition 52

Definition Marketing Budgeting Article 52