Understand Your Competition to Determine Hotel Prices

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Understand Your Competition to Determine Hotel Prices

Knowing your competition is key to hotel revenue management and attracting guests. Learn about 5 key factors to inform your competitive set and determine the best hotel prices.

 

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Clean, clear, compelling

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A few years ago, the following quote did the rounds: “The best place to hide a dead body is page 2 of the Google search results”.

Nobody can quite remember who coined the phrase, but it’s stuck. And you know what? Regardless of the macabre phrasing, they have a point.

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The world is your oyster

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The world is your oysterHave you ever been lost in a foreign city? It’s an experience that many people have had at some point – looking around confused, trying to decipher road signs, asking the nearest passer-by for directions to a place that you suspect you’re grossly mispronouncing.

It can be fun and charming, and often you’ll end up going vaguely in the right direction. But if you had the choice to get directions in your own language, would you still choose the sign-language conversation – when you might miss a crucial detail?

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Mobile matters – Watch our AUS webinar

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Mobile phones have taken over our lives. Over 3 billion people now own a smartphone, which they use to chat to friends, navigate cities, share pictures of cats, smash rows of colourful confectionery – and book accommodation.

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Mobile matters – Watch our USA & CA webinar

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Mobile phones have taken over our lives. Over 3 billion people now own a smartphone, which they use to chat with friends, navigate through cities, share pictures of cats, smash rows of colorful candy – and book accommodations.

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Mobile matters – Watch our UK webinar

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Mobile phones have taken over our lives. Over 3 billion people now own a smartphone, which they use to chat to friends, navigate cities, share pictures of cats, smash rows of colourful confectionery – and book accommodation.

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