Revenue Hub
FEBRUARY 20, 2024
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. As you know, appropriate pricing is key to any profitable hotel. Then, when you review your future pricing, you can use them as a guide.
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.
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SiteMinder
SEPTEMBER 11, 2022
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. Span attention across all parts of a hotel operation, including decisions on facilities as well as pricing and distribution. analysis at your property (with examples).
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. Revenue management Data analysis can significantly transform revenue management within the hospitality sector.
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., The best way to do that is by conducting a restaurant feasibility study.
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. Competition analysis, visibility and traffic in the surroundings, accessibility, parking spaces are all crucial elements for selecting the perfect location for your restaurant.
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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