Given the unpredictability of the current hospitality market, it’s important that hotels update their pricing based on the current supply and demand in their local market on a regular basis in order to stay competitive; however, without automated tools (like RoomPriceGenie’s RMS), the process of executing these pricing updates manually will become overwhelming and still fall short.
The article A step-by-step guide to implementing data-based pricing strategies first appeared in TravelDailyNews International.