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Mastering Hotel Competitive Analysis: The What, Why and How

Revenue Hub

NB: This is an article from Canary Technologies But how well do you know your competitors? And more importantly: how can you use this knowledge to optimize your pricing, marketing and conversions? The answers to these and many more questions lie in hotel competitive analysis.

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How to Maximize Hotel TRevPAR

Revenue Hub

NB: This is an article from WebRezPro On a given night, both book an equal number of rooms. However, in our imaginary revenue competition, there is a clear winner. Competitive Analysis TRevPAR is a useful metric for comparing your performance to that of your competitors. How is this possible?

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How Hotels Can Use Data to Boost Venue Revenue

Revenue Hub

NB: This is an article from iVvy In this day and age, data is one of the most powerful revenue-boosting tools at your disposal. The more you know when and how your venue spaces are being used, the more effectively you can budget, forecast, and market. This ensures that prices are optimized to capture maximum revenue potential.

Pricing 89
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Top Hotel Revenue Management Strategies to Boost Revenue

Revenue Hub

NB: This is an article from Lybra , one of our Expert Partners. Data is now readily available to track and analyse market demand and identify market segments. Factors like current occupancy, seasonality and competitor pricing, which influence market demand, are all taken into consideration. Sales channel development.

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6 Expert Tips To Create An Effective Cafe Business Plan For The UK

The Restaurant Times

With lockdown restrictions easing and restaurant business slowly picking up the pace in the UK market, it is an excellent time to revisit your restaurant’s business plans. This article discusses how you can write an impactful business plan for your cafe in the UK. . Promotion/marketing strategies . SWOT Analysis.

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Starting a Waffle Restaurant in Dubai? 9 Things You Absolutely Must Know

The Restaurant Times

In this article, we will guide you through the entire process of starting a waffle restaurant in Dubai. . 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. . Online Food Ordering.

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How to Start a Hotel Business

Xotels Hotel Revenue Management

In this article we have put together a series of tips on how to start your own hotel business: First Things First – Key Considerations Before Starting a Hotel. Hotel Market Size & Opportunities. Marketing Experience. We cover this further in our Hotel Trends article diving deeper into personalization in hospitality.