Rate shopping is automatically watching your competitors' prices and your own across channels to decide with data. A tool scrapes the OTAs and tells you who is dearer or cheaper for each date. Without this eye, setting prices is blindly guessing what the hotel next door is doing.
Example The rate shopper flags that the rival hotel dropped 20 euros for next week's congress.
The comp set is the group of hotels you compare yourself against to tell whether you are doing well or badly....
RevenueThe RevPAR index shows how a hotel performs against its competitive set. It is your RevPAR divided by the...
RevenueDynamic pricing adjusts rates in real time based on demand, competition, lead time and other factors. Instead...
DistributionDisparity happens when the same hotel shows different prices across channels for the same dates. It usually...
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