Competitive Analysis Pricing Property Management 
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. Pricing - Take out the average pricing of rooms of the inventory.
SiteMinder
AUGUST 1, 2024
Competition: Analyse your competitors, their strengths, and weaknesses. Assess their pricing, services, marketing strategies, and customer reviews. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue.
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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. This thorough analysis supports our forecasting, which is crucial for effective budgeting. We then set pricing and distribution strategies based on this information.
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. It also offers insights into local events and peak travel periods, which can be useful for adjusting pricing strategies.
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. Many businesses where consumers spend money have varying prices based on demand, supply and shifts in costs.
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