How to conduct a hotel competitive analysis in 7 steps, from competitor selection to rate and performance benchmarking
🏨 A 2026 survey of 450 senior revenue decision-makers found 43% of hotels lacked a revenue management system. Half of independent properties base pricing decisions on competitor rates. The guide recommends benchmarking 5–7 direct competitors, comparing equivalent rooms and booking terms, and checking rates 30–90 days ahead. Track occupancy, average daily rate and revenue per available room using MPI, ARI and RGI. Review rates weekly, performance monthly and positioning quarterly; assign three actions with owners and deadlines.
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