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7 ways to monitor your competition

It’s always good to keep an eye on your competition. When you discover where their weaknesses lie, you find gaps in the market where your business can succeed. But there’s more to monitoring the competition than checking their Twitter feed every so often. From comparing pricing strategies to setting up Google alerts, there are a number of smart ways to keep track of your competitors – and give your business a head start .

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11 hotel revenue management terms explained

Conversion. RevPAR. GOPPAR. If you’re still getting to grips with promoting your property online, the number of technical-sounding terms can be off-putting.

But it doesn’t need to be that way. Understanding how to refer to these business concepts will help you master the art of hotel revenue management – and increase your profits.

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