Must Read Tips to Manage Rate Parity: While rate parity ensures that you have complete control of setting the bar for your room rates and ensure equal prices across all distribution channels, it destroys your chances to compete freely in the market and also makes you lose a voluminous amount of potential revenue as massive commissions to the OTAs.
3 cities had less than 10% of hotels in parity out of 4 cities surveyed
2 cities had less than 10% of hotels in Parity out of 5 cities surveyed
All 3 cities had less than 10% of hotels in Parity out of 3 cities surveyed
Reputation Management touches the hotel property as a whole and needs to be the responsibility of every department. ORM should go hand in hand with Revenue Management. Your hotel reputation should also guide you to use reviews to influence your decision-making process and effect change where required.
Cape Town, December 6, 2017: RateGain Technologies, today announced that it has been chosen by Newmark Hotels, Reserves & Lodges, a leading South African boutique hotel management company, for its real-time rate intelligence solution, that would empower the Group in developing an effective rate strategy for all its properties and ultimately help them achieve the…
3 – Star Hotels: All 12 cities had less than 10% of hotels in parity out of 12 cities surveyed
4 – Star Hotels: 8 cities had less than 10% of hotels in Parity out of 12 cities surveyed
5 – Star Hotels: 7 cities had less than 10% of hotels in Parity out of a total of 10 cities surveyed