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Hotel Economics: The Role of Supply and Demand in Setting Rates

Demand Calendar

They are not satisfied with their fair share of the market. Instead, they want to steal market share to increase their profits and give the owners a higher return on investment. The big question is how you beat the market. If you are one of those, this blog post is for you. Here are the differences.

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Understanding ARI: A key metric in hotel management

Cloudbeds

This index can vary according to the business strategy, and factors impacting it include the average daily rate (ADR) , occupancy rate, quality of services offered, marketing strategies, reputation, and more. Historically, this is described as “fair share” of the market performance.

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Hotel Revenue Management Strategies

Xotels

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Many define itt as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.”

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Hotel Star Reports: What are they and how to read them

SiteMinder

Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale.

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Top Revenue Management Strategies for Hotels

Xotels

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Many define itt as: Selling the Right Room to the Right Client at the Right Moment at the Right Price.