Sales
HMCMarket & Competition Analysis
Market and competition analysis is the foundation block in understanding the Hotel economic environment. This analysis is also at the base of the Hotel business model. The analysis will identify the opportunities and threats of the local market and its peculiarities. It will also shed light on the competition of the Hotel and its strength and weaknesses. Typically Market & Competition analysis will scan and provide insights on:
- Local Market General Conditions
- Customers / Revenue Segments
- Competitive Set
- Competitors Sales Channels
- Competitors Price Levels
- Competitors Strengths and Weaknesses
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