Hospitality Net

MARCH 4, 2024

Shiji, the global hospitality technology innovator, analyzed thousands of guest reviews and found that Kempinski Hotels moved to first place in the Brand Competition analysis in 2023.

Competitive Analysis 69

Competitive Analysis 69

Revenue Hub

OCTOBER 10, 2023

Subscribe to our weekly newsletter and stay up to date Unlocking the Essence of Dynamic Pricing Dynamic pricing, also known as demand-based pricing or yield management, has transformed into a dynamic force of its own in the modern hotel industry. During high-demand periods, your hotel can scale room rates to capture peak profits.

Pricing 109

Pricing Competitive Analysis Article Book 109

Revenue Hub

JULY 4, 2023

Subscribe to our weekly newsletter and stay up to date ADR benefits The ADR provides various beneficial insights, from evaluating overall room or property revenue performance to informing competitive analysis and pricing strategy. Facilitates competitive analysis. Offers an overview of room revenue performance.

Competitive Analysis 93

Competitive Analysis Pricing Information Article 93

Revenue Hub

NOVEMBER 9, 2022

Successful hotel managers are constantly looking for ways to increase their revenue-generating potential. Revenue management assistants do an excellent job of monitoring hotels’ performance and competitors’ rates in real time. From these, hotel managers can come up with strategies that will help increase their hotels’ revenue.

Pricing 97

Pricing Competitive Analysis Article Book 97

SiteMinder

AUGUST 1, 2024

What is a hotel business plan? A hotel business plan is a comprehensive document that outlines your hotel’s goals, strategies, and financial projections. It serves as a roadmap for your hotel’s success, helping you attract investors, secure funding, and make informed decisions about your operations.

Travel and Tourism 95

Travel and Tourism Competitive Analysis Pricing Budgeting 95

Revenue Hub

JULY 24, 2023

Key Data Metrics for Your Hotel Venue Space To boost your hotel’s venue space revenue, you need to be considering the basic elements of time, profits, and the overall customer experience. This information allows venues to make data-informed decisions on pricing adjustments and differentiation strategies to stay competitive.

Pricing 98

Pricing Book Events Competitive Analysis 98

SiteMinder

SEPTEMBER 11, 2022

Strategic decision-making is crucial for hotels to continue growing. If you are wondering where to start, look no further than the traditional SWOT analysis for hotels: this tool is key to understanding your business, relative to the competition. What is a hotel SWOT analysis? Table of contents.

Competitive Analysis 91

Competitive Analysis Pricing Blog Information 91

Revenue Hub

FEBRUARY 20, 2024

Common hotel revenue sinkers include selling inventory too soon and too low – spillage – or not selling enough during high demand, leaving you with last-minute discounts. Some analysts predicted it’d take three or four years before hotels fully rebounded. As you know, appropriate pricing is key to any profitable hotel.

Pricing 109

Pricing Book Download Accounting 109

Hotelogix

OCTOBER 19, 2023

To get a clear picture of your hotel compset analysis, you need to start with the following steps: Define your goals for competition, such as attracting more guests or increasing prices for greater revenue, or improving services compared to competitors. If you serve business travelers, select hotels in the same category.

Pricing 100

Pricing Competitive Analysis Marketing Budgeting 100

Revenue Hub

JUNE 22, 2023

“Now, more than ever, hotel companies look to simplify their business at all levels in the face of labor shortages, supply chain disruptions, inflation, and economic uncertainty. This data aggregation scope is simply impossible for hotels relying on legacy pricing strategies.

Competitive Analysis 96

Competitive Analysis Pricing Information Book 96

eZee Absolute

NOVEMBER 19, 2023

However, despite the gains, inevitable challenges in the accommodation sector make running hotel businesses a little more difficult. This article talks about all the common challenges in the hotel industry and their possible solutions. Running a hotel business isn’t a cakewalk. There’s this hotel I visited in Prague.

Housekeeping 98

Housekeeping Travel and Tourism Book Marketing 98

SiteMinder

JULY 13, 2024

What is hotel revenue management? 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. Other products such as hotel amenities and food and beverage offerings will also form part of the strategy.

Pricing 98

Pricing Book Budgeting Marketing 98

Revenue Hub

JUNE 26, 2024

NB: This is an article from Borhen Rezgui , Revenue Manager EMEA at Choice Hotels Subscribe to our weekly newsletter and stay up to date It starts with auditing the business’s products and market, discussing stakeholders’ goals and objectives, and examining available resources. ” and “ What should we do next?

Competitive Analysis 113

Competitive Analysis Presentation Budgeting Marketing 113

SiteMinder

OCTOBER 5, 2023

Table of contents Why are hotels using Expedia Partner Central? Being part of one of the world’s leading travel marketplaces, it offers hotels the potential to connect with a vast and diverse audience. This will involve providing detailed information about your hotel, so come prepared with a full profile.

Competitive Analysis 59

Competitive Analysis Book Information Property Management 59

SiteMinder

OCTOBER 18, 2023

Value-added pricing, also known as value-based pricing, is a pricing strategy in which a hotel sets its prices based on what a customer believes the value of a room or service to be. But what is value based pricing in hotels specifically? Table of contents Why should hotels implement a value added pricing strategy?

Pricing 59

Pricing Competitive Analysis Marketing Information 59

Revenue Hub

NOVEMBER 4, 2022

A unique selling point (USP), also called a unique selling proposition, is the essence of what makes your hotel better than your competitors. A hotel USP is one of the key secret ingredients behind a brilliant brand marketing strategy. Why does your hotel need a USP? NB: This is an article from Net Affinity.

Competitive Analysis 83

Competitive Analysis Marketing Article Budgeting 83

Les Roches

AUGUST 21, 2024

Insights into hotel management salary and requirements 21st August, 2024 In this article Different roles and their salaries What affects hotel management salaries Requirements to get hotel management roles Skills needed to succeed in hotel management With more than 1.3 Let’s explore the various hotel management careers.

Guest Satisfaction 52

Guest Satisfaction Housekeeping Budgeting Events 52

SiteMinder

AUGUST 18, 2022

At your hotel you also need to perform regular competitive analysis to see where you stand in the local market and how you can gain an advantage, or at least maximise your potential revenue and profit. This blog will tell you everything you need to know about hotel competitor analysis. Table of contents.

Pricing 52

Pricing Competitive Analysis Budgeting Blog 52

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

For many people, starting their own boutique hotel or luxury bed and breakfast is like a dream. But opening a hotel business , just like any new company, is more difficult than it might seem at first sight. The hotel business is highly competitive and achieving good financial results is not as easy as it seems.

Definition 52

Definition Marketing Budgeting Article 52

Les Roches

JANUARY 25, 2024

Hotel industry players who can leverage data effectively gain valuable insights that can influence their strategic decisions, from setting room prices to designing hotel marketing strategies. Peripheral services Apart from their core operations, hotels now offer peripheral services such as spa treatments or conference venue hire.

Competitive Analysis 52

Competitive Analysis Information Pricing Marketing 52

Lithos POS

JANUARY 27, 2022

Common Mistakes When Marketing Restaurants: Lack of digital marketing Not using all social media platforms Lack of traditional marketing Not following your customer Lack of competitive analysis The customer has not tracked Why do restaurants fail – Marketing issues | Lithospos. Lack of Competitive Analysis.

Server 52

Server Competitive Analysis Marketing Training 52

Les Roches

DECEMBER 23, 2022

Competitive analysis that identifies other competitors in the marketplace and what your unique selling point is. Founded in 2022, we have over 20 years of international hotel management experience. Our objectives for the next two years are: Solidify our reputation as a customer-first, quality boutique hotel provider.

Document 52

Document Events Competitive Analysis Budgeting 52

Les Roches

JANUARY 26, 2024

Competition analysis Understand competitors’ strategies, by taking steps such as: Analyze offerings, prices, and promotions to see what works, and how you can stand out among your competitors Formulate counter-strategies to emphasize your strengths, drawing customers to you 5.

Marketing 52

Marketing Blog Pricing Competitive Analysis 52

Larry Mogelonsky

FEBRUARY 5, 2025

Often, this requires strategic input on segment forecasts, competitive analysis and historical data analysis. And it makes perfect sense; with fragile inventory such as hotel room nights, an unsold room is lost product. In-depth price calibration is critical and appropriate for properties in the lower and middle tiers.

Pricing 130

Pricing Competitive Analysis Concierge Guest Satisfaction 130