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How to Exclude Competitors from Price Recommendations

This article explains how to exclude a competitor from price recommendations when their pricing is unrealistic.

Excluding a Competitor from Price Recommendations

To exclude a specific competitor from price recommendations, you have a couple of options:

  1. Automatic Exclusion: The system automatically excludes competitors if their prices are significantly unrealistic, provided there are enough remaining competitors to calculate a price recommendation. If the number of competitors falls below a certain threshold, the automatic exclusion will not apply.

  2. Manual Exclusion: You can manually exclude competitors from price recommendations through the competitor index. This exclusion will apply for the entire future.

  3. Adjusting Forecast Settings: You can choose to focus solely on forecast data after a certain date or a specified number of days in the future. This can be done using the following hotel settings under the "Rate Recommendation" section:

    • Switch the rate recommendation to compare to after a specified number of days or a selected date.
    • Adjust the rate recommendation to compare to after a certain number of days.
    • Specify which rate recommendation to compare to after a certain number of days or from a selected date.

By utilizing these settings, you can effectively manage how competitors influence your pricing strategy.

Conclusion

Excluding competitors from price recommendations can help ensure that your pricing remains competitive and realistic. By using the automatic exclusion feature or adjusting your settings, you can tailor your pricing strategy to better reflect market conditions.