Knowing how your competitors 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 who your competitors are. Even this might change over time because since we are finding ourselves in a dynamic industry. How to change your set of competitors?
With RateIntelligence you have the opportunity to track up to 10 competitors of your choice. You can also change these competitors twice a month by following these steps:
1. Click on Settings
2. In the drop down menu, select “Competitive Set”
3. The competitors with a green tick and a green bar are the ones who are currently selected.
4. Click on the name to deselect a competitor. Click on the name of a competitor to select him.
5. You can Search for additional competitors using the Search bar.
Please note that you can select up to 10 competitors and you can apply changes only twice a month.