Competitor Pricing Strategy (CPS) Pricing Reports
How does your hotel's non-rooms pricing stack up against your competitors?
Where are you losing money and where are your opportunities?
When you order a CPS report, ProSolutions will research the pricing in your chosen categories from hundreds of items across a variety of venues within your and your competitors’ hotels, everything from themed breaks from your catering department to a bottled water out on the golf course.
We then compile this data onto an extensive Excel spreadsheet, where you’ll see your price side-by-side with that of your competitors, along with statistics like your % difference and ranking within your comp set.
Project Size: While individual projects vary widely, the average number of venues researched is 7 and the average project cost is $1,810.
SMALL CHANGES, BIG IMPACT
In 2024, three Houston-area hotels requested pricing projects; below are some of their results. Imagine they decide to reprice to match their competitors. With only 5000 covers for just these three items, they could realize nearly $60K from these small changes.
And that’s a fraction of all the opportunities you may find on a full report.
