Hotels pricing strategy step by step part 5
Hotels pricing strategy step by step from the beginning
Step number 10, Price changing: -
a. When reducing: -
i. Excess production capacity. الطاقة الإنتاجية الزائدة
ii. Competition.
iii. Old technology.
b. When increasing: -
i. Increased cost (inflation)
ii. Over-demand.
iii. Competition.
step number 11, Revision the whole pricing Strategy
a. Regularly (every 2 weeks / month).
b. Currencies exchange rate (inflation).
c. Political or economic affairs.
d. Correct past mistakes.
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