Revenue Hub

JANUARY 18, 2024

The answers to these and many more questions lie in hotel competitive analysis. Subscribe to our weekly newsletter and stay up to date What Is a Competitive Analysis in the Hotel Industry? A hotel competitive analysis is an important revenue management tool. There’s an exception to this rule though.

Competitive Analysis 84

Competitive Analysis Budgeting Pricing Article 84

Modern Restaurant Management

SEPTEMBER 28, 2020

Conduct a Competitive Analysis. In order to create this kind of competitive analysis, you will want to start by creating a list of the biggest competitors nearby. Here are some of the key areas of focus when doing your restaurant’s competitive analysis.

Competitive Analysis 221

Competitive Analysis Special Events Training Budgeting 221

Revenue Hub

JULY 4, 2023

Subscribe to our weekly newsletter and stay up to date ADR benefits The ADR provides various beneficial insights, from evaluating overall room or property revenue performance to informing competitive analysis and pricing strategy. Facilitates competitive analysis. Offers an overview of room revenue performance.

Competitive Analysis 67

Competitive Analysis Pricing Article Information 67

Revenue Hub

JULY 24, 2023

Average Revenue per Event: Calculating the average revenue generated from each event or booking in your venue spaces provides a greater understanding of the profitability of events held within your venue space. This allows for better pricing and promotional strategies, ensuring a steady cash flow throughout the year.

Pricing 88

Pricing Book Events Competitive Analysis 88

Revenue Hub

JUNE 22, 2023

LodgIQ can factor in hundreds of variables at any given time, ranging from sales patterns and customer footfall to external information such as weather, current events, and public holidays. This data aggregation scope is simply impossible for hotels relying on legacy pricing strategies.

Competitive Analysis 73

Competitive Analysis Pricing Information Book 73

SiteMinder

OCTOBER 5, 2023

This section lets you adjust room rates, offering flexibility in response to changing demand or special events. However, like any tool, its effectiveness depends on how well you use it, so it’s essential to monitor and adjust rates regularly to stay competitive. A particularly useful feature is the rate management tool.

Competitive Analysis 59

Competitive Analysis Book Information Property Management 59

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. Failure to account for probable events on a specific date You may nod your head as you read through these.

Pricing 101

Pricing Book Download Accounting 101