What is city demand trends in Stayflexi?

Stayflexi offers a unique feature called City Demand Trends, which provides valuable insights into booking activity across different cities. These trends help property managers understand their local market demand, allowing them to adjust room pricing and availability accordingly.

We have categorized the trends into Daily Demand Trends and Monthly Demand Trends for easier analysis and understanding.

The Daily Demand Trends feature in Stayflexi provides an overview of how room demand fluctuates daily. By selecting a desired date, you can view a graph that shows trends for the entire week, making it easy to identify peak and low-demand days.

Additionally, you can compare your property’s pricing with nearby hotels, seeing at what price they are selling their rooms. This allows you to make data-driven adjustments to your pricing strategy for better competitiveness.

The Monthly Demand Trends feature provides a broader understanding of room demand over a month. You can see which months attract more visitors and which have less traffic. Additionally, it shows weather conditions for each month and indicates price ranges such as whether rates are moderate, least expensive, or expensive.

This feature acts as a predictive tool, enabling you to stay proactive about your property’s performance throughout the year.

Example: As you can see in the above picture, it shows the Bengaluru Monthly Demand Trends.

For October, it’s a busy month with some rainy days, and hotel prices are in the moderate range. Since demand is high, you can increase prices slightly or offer packages to attract more guests.

For December, it’s mostly sunny and still busy, but prices drop to the least expensive range. Offering discounts or special holiday deals can help you attract more guests despite the lower pricing trends.

By analyzing these trends, you can adjust your pricing strategy accordingly, ensuring you’re making the most out of busy months while staying competitive. This allows you to maximize both occupancy and revenue effectively.