Question

One member in the comp set that did not have supply, demand, and revenue data. What does this mean? How does this affect your comp set data and your analysis? What do you do going forward?

Nust in general

Answer 1

Answer:

Comp set means “Competitive set”, this is a group of hotel always known as master hotels and all the hotels review and compare their performance with the performance of the Comp-Set hotels. This review and comparison will result better competitive offering for the individual hotel.

One member in the comp set that did not have supply, demand, and revenue data. This means the data for the Comp set hotel organization is missing and it is not available with the team member for the target business study and business analysis. This means the planned target study and analysis will not be completed in absence of the required data for Comp-set hotels.

This affect significantly the comp set data and our analysis for our hotels because we are comparing our hotel performance with the hotel performance of the Comp-set. In the absence of these data, we could not be able to compare our company performance with the Comp set hotel performance and we will not be able to make the meaningful decisions for our industry as we are not aware how is our data positioned with respect to the Comp-set data.

Going forward, we would like to keep the report for the Comp set hotel groups so that we can review our hotel’s performance with respect to the report available for the Comp set hotel records and can make necessary amendments to improve our offerings.