⚡ TL;DR – Hotel Comp Set Analysis 🏨 Choose the Right Competitive Set: Benchmarking against the right hotels ensures accurate performance tracking, smarter pricing, and better revenue management. 📊 Key Metrics: Track ADR (Average Daily Rate), RevPAR (Revenue per Available Room), and occupancy for true market insight. 📝 How to Identify Yours: Apply the 5…
Hotel prices change every second around the world. I know it’s not brand new information for you, but have you ever thought about what hotel price data can reveal beyond the cost of stay? It’s not only a treasure trove for the hoteliers to know their competitor’s pricing and do something about theirs to secure…
⚡ TL;DR – Amadeus Alternatives 2025 ✅ Easily Accessible: MakCorps – Quick signup, transparent pricing, free trial, and simple integration for real-time hotel price data. 🔒 Require Partnership or Approval: Amadeus, Sabre, Travelport, RateGain, Expedia – reliable but often require business partnerships, enterprise contracts, or lengthy approval processes. 💡 Quick Tip: If you’re looking for…
⚡ TL;DR – How to Increase OTA Conversion Rates (2025) ✅ Quick Wins: • Optimize OTA ranking with Paid Ads + SEO to get seen first. • Use Smart Pricing (MakCorps Hotel Price API helps track competitors in real time). • Enhance Visual Appeal with high-quality images. 🔑 Engagement Strategies: • Write clear, experience-driven descriptions…
Picture this: A traveller booked a hotel in Philadelphia from an online travel agency (OTA) at a discounted deal. Upon reaching the hotel destination, he is informed that the hotel he booked is actually in New Jersey. The traveller then spends hours trying to get his refund for the wrong hotel booking. Imagine the hassle…
⚡ TL;DR – Hotel Competitor Set Analysis 2025 Market Growth: The hotel industry is expanding, but so is competition—knowing your rivals is crucial. Comp Set Analysis: Identify both direct and indirect competitors to see who you’re really up against. Key Data Points: Analyze pricing, service quality, online reputation, and marketing strategies. Essential Tools: Use solutions…
⚡ TL;DR – Hotel API Providers 2025 ✅ Easily Accessible: MakCorps – Quick signup, free trial, and simple integration for real-time hotel price data. 🔒 Require Partnership or Approval: Google, Amadeus, Expedia, Priceline, Airbnb, and others access needs business partnerships or approval. 💡 Quick Tip: Choose the API that fits your business needs and tech…
⚡ TL;DR – Hotel Pricing Strategies 2025 ✅ Smart Pricing Approaches Competitor-based, length-of-stay discounts, loyalty pricing, upselling, cross-selling, package deals, and open pricing. 📊 Revenue Management Essentials Track costs, watch competitors, use RevPAR & ADR, and adjust prices for demand, seasonality, and guest behavior. 🤖 Tools & Tech Revenue management systems + hotel price APIs…
The online travel industry is a high-stakes game. Giants like Expedia and Booking.com are taking the lead. Competition is fierce which makes staying ahead of the curve crucial. To survive and thrive in the online travel industry, you need to be sharp, make the process swift, and most importantly adopt technology for tech-savvy users. Because…
⚡ TL;DR – Open Pricing Strategy ✅ What it is: Dynamic room pricing based on demand, guest type, and booking channels (more flexible than fixed BAR rates). 📈 Benefits: Higher occupancy, better revenue, improved competitiveness, and smarter inventory use. ⚠️ Challenges: Needs strong tech setup, reliable real-time data, and continuous monitoring. 🛠️ How to apply:…