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BUSINESS INTELLIGENCE

BUSINESS INTELLIGENCE

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Please explain how hotel manager use price optimization better. Thanks

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365 Team
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Hi Fredrick!
Thanks for reaching out.
This normally depends on the policy the given hotel wants to adopt. However, in general, the benchmarks to compare to are the prices from other hotels in the area and of the same class. Finally, historical data can be used to better know what prices to demand every next year.
Hope this helps.
Best,
Martin