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Kelly A. McGuire

Pricing Hotel Rooms in a Social World

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tinym
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Data Doctor
Re: anxious
tinym   10/28/2013 11:06:02 PM
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You an get the best deals by staying home and out of hotels. ;)

michaeljackson
User Rank
Prospector
Re: anxious
michaeljackson   10/28/2013 2:23:08 PM
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@kicheko, you are correct.  Unless the patron is using some sort of special rate i.e., gov't rate, AARP, you are probably going to get a raw deal when reserving your room. 

kicheko
User Rank
Blogger
Re: anxious
kicheko   10/28/2013 3:51:55 AM
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Some hotels still hide their prices and deals and this certainly leaves one feeling that they could have found a better deal. However if i saw a range of prices from reputable places, then i don't have to worry about those i didn't see because its easy to estimate the average price. Still, negative reviews will keep me away from a great price.

chapAnjou
User Rank
Prospector
Reviews
chapAnjou   10/27/2013 5:04:00 PM
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"Reviews and price are the most important influencers of choice"

I not only agree with this statement, I think this is a wonderful thing for consumers.  Slowly companies will understand that they have to be absolutely perfect because all it takes is a single bad review to snowball and reach thousands of eyes.

On the flip side, I do think that companies may get incorrectly judged based on a single bad experience...but it's up to the company to minimize these bad experiences as best they can.

chapAnjou
User Rank
Prospector
Re: anxious
chapAnjou   10/27/2013 5:00:01 PM
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@TalkerZ,

As long as people are purchasing goods, this will always be a problem that consumers face.  This is a problem across all aspects of our lives though.  Gambler addiction is caused by that thought that "the next hand will be the winner".

TalkerZ
User Rank
Prospector
anxious
TalkerZ   10/26/2013 12:14:13 PM
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The pricing strategies leave consumers feeling anxious and unsettled - you always think that you could have found a better deal

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More Blogs from Kelly A. McGuire
Given how competitive the environment is becoming and how fast technology is moving, hotels cannot afford to wait until everything is perfect before moving on to the next step in their big data analytics initiative.
In the hotel business, companies know little about the majority of their guests, but that little bit of knowledge can make a difference.
Experts from the Cornell School of Hospitality Management take a look at hospitality trends in 2015 and where analytics come into play.
The power of the millennials, the value of sustainability, and economic disruption are some of the factors that hotel executives have to consider as we move through 2015.
The hospitality industry seems to be accepting and embracing that the volume, variety, and velocity of data today is creating a big-data challenge (and opportunity) for the sector.
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