Remove Competitive Analysis Remove Reservations Remove Strategic Planning
article thumbnail

Harness the power of data analytics in hospitality

Les Roches

Competition analysis By analyzing competitor information, hotels can accurately gauge how they’re performing against rivals within their niche markets. Insights gathered from indirect competition such as vacation rental homes can also offer understanding in other areas to inform strategic planning.

article thumbnail

Hotel revenue management strategies and solutions

SiteMinder

This dynamic approach requires a blend of data analysis, market insight, and strategic action. Competitive analysis Before setting any pricing strategy, it’s essential to understand the lay of the land. It also allows a deeper level of understanding of your property’s performance during strategic planning.

Pricing 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Insights into hotel management salary and requirements

Les Roches

Duties include strategic planning, financial management and ensuring adherence to brand standards while monitoring and maintaining high levels of guest satisfaction. Front office managers look after the front desk operations, including reservations, guest inquiries and room assignments.

article thumbnail

How to Start a Hotel Business

Xotels Hotel Revenue Management

Sales reservation fees. Pulling Everything Together: The Hotel Business Plan Here is a short list of how your hotel business plan should look like. Competitive Analysis. This can also be defined as a SWOT analysis, which investors use to see how you differentiate and stand out from the crowd. Strategic Plan.