Think of two competition hotels as the cats- constantly fighting for a bigger share of occupancy (and sometimes revenue) by lowering their rates. As the cats are fighting, benefit goes to the Monkey- which could be any stakeholder of the industry, may it be another hotel or a travel agent or simply the guests. In the end, the hotels have either diluted their market rates or compensated the rates by additional services, which affect the overall profits. In totality, this is never a wise practice if you want the property to yield its maximum potential without further investment or capital expenditure. More often than not, hotels managed by the third party hotel management companies or any other hotel operations management companies make this mistake. Read full blog here https://www.promiller.in/post/is-competition-hotel-deciding-your-arr