Learn the 5 signals that it’s time to raise your hotel’s rate

4. When competitor pricing and availability changes

No one wants to be the last hotel offering rock bottom rates. On the flipside, no one wants to be the only hotel priced $300 above the rest of the pack during a period of low demand – this is why it’s important to watch what your competitors are doing at all times.

Along with pickup, seeing gaps in between your price and the competitors pricing is usually one of the most obvious signals that it’s time to push. But, be cautious! There are…