Extranet
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Competitive Pricing Strategies
What Is Extranet?
Extranet usage is an indispensable tool for hotel businesses. Thanks to this system, hotel managers can increase their efficiency in areas such as online room reservations, pricing strategies and competitive analysis. While the Extranet system strengthens the hotel's communication with customers, it also helps to reduce operational costs. Hotel managers can determine and update their hotels' pricing policies via Extranet. At the same time, they can stay competitive by analyzing the prices of rival hotels. They can also improve service quality by following customer feedback on Extranet.
Hotels that can use the Extranet system effectively can increase their occupancy rates by increasing online room reservations. This, in turn, can increase the hotel's revenue. At the same time, the Extranet system, which increases operational efficiency, also helps to increase the competitiveness of the hotel.
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Pricing & Competition Strategies
Pricing strategies involve the pricing policies that businesses set for their products or services. These strategies are used to increase market share, optimize profitability and maintain competitive advantage. Pricing strategies should be determined according to market conditions, consumer demands and competitors' pricing policies.
The tourism sector remains vibrant in every season of the year. While summer vacations are the most popular, winter vacations are also relaxing and fun. Managing a hotel in the field of tourism is just as difficult. Numerous processes such as determining and changing room rates, determining quotas are only one of the parts seen in the first stage. With the development of technology, hotels Extranet, which also manifests itself online, will now be managed more easily. It is now very easy to handle all transactions about your hotel with a single click.
The Extranet system does not only offer certain features. With its wide range, you can handle all transactions about your hotel with one click. You can manage every process such as closing your rooms for sale, opening them for sale, organizing your discount and action entries.
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