Knowing how your competitive set price their rooms is an important aspect when it comes to deciding on your own pricing strategy. Before you access this information, it is important to make sure that you know which properties are in your competitive set. Even this might change over time because since we are finding ourselves in a dynamic industry. How to change your competitive set?
With RateIntelligence you have the opportunity to track up to 10 properties of your choice. You can also change the competitive set twice a month by following these steps:
1. Click on Settings.
2. In the drop-down menu, select Competitive Set.
3. The properties with a blue tick are the ones who are currently selected.
4. Click on to check box to select or unselect a property.
5. You can search for additional properties to add to your competitive set by using the search bar.
6. Once you’ve finished selecting the properties, click on Save.
Please note that you can select up to 10 properties for your competitive set and you can apply changes only twice a month.