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Hotel price monitoring: How to track hotel prices

SiteMinder

What is hotel price monitoring? Hotel price monitoring is a crucial practice that involves tracking the prices of hotel rooms, both within your own portfolio and across competitors. This data-driven approach enables you to make informed pricing decisions , ensuring you remain competitive in the market while maximising revenue.

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Hotel Pricing Strategies for Peak, Middle-Season, and Off-Peak

Revenue Hub

NB: This is an article from Lybra , one of our Expert Partners A well-defined pricing strategy is vital for the success of any hotel business. Hotel pricing is a dynamic process influenced by various factors, including location, competition, customer preferences, and seasonality.

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5 Ways Hotels Can Ease Traveler Budget Concerns

Revenue Hub

Subscribe to our weekly newsletter and stay up to date Our recent survey identified the key things that influence travelers when making vacation decisions and how price plays into it. While you can’t change your location, understanding the local pricing landscape is crucial. Consider the location and views of each room.

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Boost Hotel Bookings and Revenue: Strategies for Success in 2024

Revenue Hub

NB: This is an article from Userguest , one of our Expert Partners In this article, we’ll explore practical and effective ways for hoteliers to boost bookings and revenue in Q1 and Q2 of 2024 that align with the evolving landscape of travel and hotel trends. The more personalised the experience, the higher the likelihood of securing bookings.

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Simplifying Hotel Payment Processes: The Role of Integrated Solutions

InnQuest

This blog explores how integrated solutions play a pivotal role in simplifying hotel payment processes and why they are crucial in today’s competitive landscape. Multiple Payment Options: These solutions can accommodate various payment methods, making it easier for hotels to cater to guests’ diverse preferences.

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Inflation Takes a Bite at the Restaurant Industry; How Can Operators Cope?

Modern Restaurant Management

As is the norm in the widespread economic landscape of 2022, inflation has well-and-truly hit the restaurant industry. Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021. So what can restaurateurs and food business operators do to cope in this economic landscape?

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Mastering Group Bookings: 4 Steps to Profitability

Revenue Hub

Step 1: Understand the Group Booking Landscape The journey to profitable group booking management begins with understanding the landscape. Step 2: Strategic Pricing and Inventory Management Now it’s time to dive into pricing and inventory management. This step holds the key to maximizing revenue.

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