How Well Do You Know the Competition?

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Knowing your competition is a key part of revenue management. In order to set the right rates for your property, you need to know how much other properties in your market charge. After all, guests have a choice when it comes to where they stay. And when faced with a range of similar properties, they’ll […]

Learn More About Market Demand

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 You might hear the term “market demand” and wonder what it exactly means. The phrase becomes particularly common—and important—when discussing best practices for revenue management. This article will provide you with a thorough understanding of one of the most fundamental principles you need to consider when setting rates for your property. “Market demand” refers to […]