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Some hoteliers and owners want to beat the market. They are not satisfied with their fairshare of the market. Instead, they want to steal marketshare to increase their profits and give the owners a higher return on investment. The big question is how you beat the market.
Modern hotel management requires a robust set of tools and metrics to evaluate and continuously optimize revenue performance, especially in relation to competitors. Another metric to look at is the fairmarketshare, obtained by dividing the hotel’s available rooms by the competitors’ available rooms.
We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.
We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.
The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and marketshare information on a global scale. An index below 100 tells you there’s room for improvement to compete more effectively in your market.
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