Today's Revenue Management thought:-

What are have the other guys done & even more important - what are they going to do in the future?

Monitoring competitor pricing is crucial in revenue management.

Looking back - have you noticed any changes in your competitors pricing behaviour over the last few months ?

Looking forward - have you observed repositioning behaviour, or is it business as usual ?

Understanding how & why competitors price their rooms and services allows revenue managers to position their hotel competitively in the market.

This information helps in setting rates that are attractive to potential guests while still maximizing revenue.

Have a profitable week !

✌🏼