🌟 Friendly Note 🌟 To enjoy this topic within Insights, you'll need an active rate shopping account.
What is included in this data set?
Unlock the complete capabilities of the Rate Shopping topic with this comprehensive data set. It includes rate shop data from your third-party partner, covering rates for your property and competitors, as well as market demand data from the same partner. Additionally, you'll find on-the-books and pick-up data directly sourced from your property management system, providing a holistic view of your pricing and demand landscape.
What can I do with this data?
By combining rate shopping data from your rate shopping product with your property management system's bookings data, hotels can:
Enhance Demand Forecasting: Accurately predict occupancy fluctuations
Assess Price Elasticity: Optimize pricing for revenue and occupancy
Benchmark Competitiveness: Compare rates and bookings with competitors
Shape Demand Strategically: Stimulate bookings during low-demand periods
Analyze Market Trends: Identify trends and seasonality for better planning
Setting Up the Connection
If you have a rate shopping account with a supported provider, follow these steps to activate Rate Shopping data within the platform:
Get in Touch: Reach out to your dedicated account manager or chat with our friendly support team. They're here to help you set up the connection smoothly.
What We'll Provide: Once you reach out, you can expect to receive important details, including:
Integration ID
Start Date
For more guidance or specific inquiries about integrating and leveraging this data, please refer to the Insights help documentation or reach out to our Advisory team for personalized support.