Revenue Hub
JULY 13, 2023
Competitive Analysis TRevPAR is a useful metric for comparing your performance to that of your competitors. Through this analysis, they may discover that their competitor offers higher-priced menu items. The Beauty of TRevPAR and Why It’s Important If KPIs get you excited, TRevPAR will knock your socks off.
Revenue Hub
FEBRUARY 26, 2025
Some hoteliers focus on one or two of these at first: Data Technology Brand Reputation Competitive Analysis Channel Management Starting and Dynamic Rates Each of these elements can provide paths to successful revenue management. The revenue manager coordinates the past and present to direct the next right action.
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Revenue Hub
JUNE 26, 2024
In my case, I prepare presentations that include graphs, tables, and recommendations based on data insights, market trends, competitive analysis, and performance compared to the budget. Data analysts perform similar tasks using powerful tools like Tableau and Power BI. But do revenue managers possess any more hidden talents?
7 Shifts
NOVEMBER 22, 2021
Industry Analysis : Document the size and trends in the restaurant industry to show readers you are an industry expert. Customer Analysis : discuss the types of customers you will attract and serve. Competitive Analysis : document local competitors and show how you will be able to carve out a niche in your market.
Modern Restaurant Management
OCTOBER 23, 2019
How do they describe and/or present themselves on their profiles? Perform a competitive analysis. Ideally, your brand persona and your customer avatar correspond like two puzzle pieces. Other tips for thinking about customer avatars. Take a look at patrons who have checked into your restaurant on social media.
Revenue Hub
NOVEMBER 9, 2022
This provides a clear insight into the type of consumers the hotel has and presents an opportunity to use pricing strategies that target each segment. In addition, thorough marketing and competition analysis will be necessary to identify market segments. Read more articles from Lybra.
Revenue Hub
JUNE 22, 2023
LodgIQ product highlights: MarketIQ is a powerful hotel market intelligence tool that combines data analytics, segmentation, forecasting, and competitive analysis to provide valuable insights into the market from a high level down to a neighborhood level.
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