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Mastering Hotel Competitive Analysis: The What, Why and How

Revenue Hub

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. Subscribe to our weekly newsletter and stay up to date What Is a Competitive Analysis in the Hotel Industry?

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What ADR Can Tell You and What It Can’t

Revenue Hub

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. Assists in revenue management and pricing strategy.

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How Hotels Can Use Data to Boost Venue Revenue

Revenue Hub

When used strategically, your data can unlock hidden opportunities and make more informed decisions for budgeting, cost optimisation, marketing, and forecasting – all aspects of which determine the value and profitability of your venue space. This can assist in determining appropriate pricing strategies.

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LodgIQ Unveils Four Innovative Revenue Optimization Products

Revenue Hub

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.

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Grow Hotel Profits with These Winning Revenue Management Practices

Revenue Hub

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.

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How to Start a Fast Food Restaurant in 6 Steps

Synergy Suite

But before diving into the world of burgers and fries, a thorough understanding of what fast food is and research on the current market landscape is crucial. The allure of quick, affordable eats is undeniable, but with an industry so vast and competitive, it takes more than just a secret sauce to succeed.

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Expedia Partner Central: The Complete Guide for Hotels

SiteMinder

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. This section lets you adjust room rates, offering flexibility in response to changing demand or special events.