3 factors that inform pricing in the hospitality industry
In an increasingly fluid hotel industry, determining the best room rates has become more complex than ever.
Your pricing strategy can be influenced by a myriad of factors – from monitoring multiple channel partners, keeping tabs on competition, adapting to evolving traveler trends, to scrutinizing demand forecasts. Below are three pivotal factors to consider.
Seasonality
Historical data strongly indicates that hotel occupancy fluctuates…
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