Accounting Competitive Analysis Marketing Pricing 
Revenue Hub
FEBRUARY 20, 2024
Those hotels that remained open during the pandemic closures and implemented careful revenue management strengthened their position in the market. Key Revenue Management Trends for 2024 Effective revenue management includes a blend of technology, smart online marketing, competition analysis, and demand forecasting, to name a few.
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. It ranges from simple database management systems used for basic statistical analysis to sophisticated predictive modeling techniques.
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SiteMinder
SEPTEMBER 11, 2022
Depending on your priorities, you can perform a SWOT analysis of the hotel industry, a multi-hotel portfolio, or a specific hotel in its local market. Performing a SWOT analysis can help you and your team: Uncover unexpected courses of action as a result of focusing on both external and internal factors. How to perform a S.W.O.T
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. Expedia Partner: How to become one To join the Expedia Partner Central, you’ll first need to create an Expedia account.
7 Shifts
NOVEMBER 22, 2021
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. Marketing Plan : detail your pricing structure (e.g., social media marketing ) you will employ.
The Restaurant Times
FEBRUARY 25, 2022
High food costs can get out of hand quickly if not accounted for. So take your time choosing food products and buying them at more reasonable prices. Do your market research, count the inventory, find the COGS (Cost of Goods Sold) numbers, and consider the indirect costs. Utilize Effective Marketing Strategies.
The Restaurant Times
SEPTEMBER 15, 2020
Conduct a location analysis on factors such as demographics, real estate prices, crowd density, target audience, expected footfall, average income, accessibility to market, and parking spaces. . It is highly advisable to do a competitive analysis to understand how your competitors are doing in that location.
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