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"Analyze" tool
The customized analysis
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You will notice that the booking curve can also go up and down. The reason is that, the curve shows also the cancellations of the date you selected to analyze more in details.
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Market Data
What does your competitor do?
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TIP 2: The available categories for comparison depend on your settings in “Settings” > ”Competitors”. About this topic, you find an article here→ link to competitors setting. If you have several room types collected into one category (e.g. Standard), the chart will always display the cheapest room type available in the category. |
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If you want to set general rules on the rates you want to shop (e.g. standard occupancy always per 2 persons) you can manage them in the specific section: Settings - Competitors. Here ->Link to settings competitors you will find the article with the instructions on how to do that.
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TIP: Set your general rules in the dedicated section inside the Settings, and manage the single shopping using the market function. |
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Pick-up
How many bookings for what time where done by the guests?
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By using the two filters in the time line (red arrow), the graph can be shown in more detail for the filtered period. So, for every period you can go into more details.
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Reputation
Guest perception: The good's the bad's
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The Meta Review summarizes all reviews and gives an average score for all feedbacks, different languages, or by number of people travelling. You can even read what your business guests are writing. With this tool, it is easy to get an overview on what is rated best in the hotel, and what your guests do give a lower score for. So, you can always see where there is room for improvement and what is it your guests like in the hotel.
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Budget
The bigger picture
KPI’s, comparing data and time frames could be set up to individualize your budget overview. This way you always see what you want.
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Final 2Y (final value two years ago)
Final 3Y (final value three years ago)
YTD 2Y (qualifying date comparison for the booking situation two years ago)
YTD 3Y (qualifying date comparison for the booking situation three years ago)
New 1d (shows pick up of the last day)
New 3d (shows pick up of the last three days)
New 7d (shows pick up of the last seven days)
Goals (Goals/own KPI’s could be set up at “Settings>”Budget Settings”. Have a look at the article about how to set your Goals here→ link to budget settings).
Due to the flexible settings it will be easier for you to assess periods that are more likely to occur every two or three years. An example would be Easter or a fair that is taking place every two years.
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TIP 2: If you are using RateBoard with several hotels from your account you could set up your hotels to “Bundles” of your liking. How to set them up you will learn at the article about “Budget Settings”. Click here--> link to budget settings to read. |
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TIP 3: The Budget could be exported as a CSV or PDF file if you need it. |
If you have any questions about the functionality, KPI’s or settings, please do not hesitate to contact your Revenue Manager at RateBoard. We are happy to help.