It is important to know your competitors’ Rates when developing your hotel’s Pricing Strategy. Research has shown that you can exceed your competitors’ RevPAR by as much as 9% by maintaining the proper rate differential.
LuxuryRes produces Competitive Rate Reports for hotels worldwide. The EZRes Rate Reports analyze current and future rate and availability information for your hotel and your Competitive-Set of hotels. Our Reports allow you to go to one single location to view and understand what your competition is doing today and in the future.
EZRes collects the data directly from each hotel company’s Central Reservation Systems (CRS) using Seamless connectivity from the Global Distribution Systems (GDS). The system also collects Internet rates being distributed via 'Travel' and 'Hotel-brand' websites for your competitive-set. All data are "live", not from a stale database.
EZRes then organizes the data in an easy-to-read report to help you improve your pricing and yield management decisions. A customized spreadsheet is used to detail room rates and availability information over a 4, 8 or 12 week period in the future (or longer upon request).
Contact our administrative office for a detailed description of the reports and for pricing information.
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