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Overview

ProcurementIQ’s Hotel Rooms Procurement Research Report offers purchasing insight into the Hotel Rooms market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Hotel Rooms - Recent Price Trend

In the three years to 2018, the average price of hotel rooms has been increasing at an estimated annualized rate of 2.5%, largely due to strengthening market demand. For example, domestic trips by US residents have been increasing as fuel prices have remained fairly low, thereby making trips across the United States relatively cheaper for consumers. As a result, the need for hotel accommodations.

Hotel Rooms - Total Cost of Ownership

There are no specific hidden costs that hotel room buyers will incur. Rather, hidden costs come in the form of extra charges that differ from hotel to hotel. Some hotels charge a resort fee on top of room rates to all buyers. This fee covers a variety of amenities that may include internet access, use of a fitness center and parking, but buyers are generally charged regardless of whether or not.

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About this Report

This report is intended to assist buyers of hotel rooms. Hotels provide short-term lodging and offer a variety of room types, including single rooms, double rooms and suites. Business, leisure and government travelers use these rooms, which are available throughout the country. This report does not cover the rental of conference centers or rooms located in hostels or bed and breakfasts.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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