🌟 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 subscription with a supported provider, please refer to our Integrations help documentation or reach out to our Advisory team for personalized support.
To connect a Lighthouse account, follow the steps in How do I connect my Lighthouse data?