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Hotel-tech glossary

Compset

Competitive set. The peer properties used as a pricing and performance benchmark.

A compset (competitive set) is the group of three to ten peer properties an independent hotel benchmarks against for pricing, occupancy, and rate strategy. The compset is the basis for STR Star reports and similar industry benchmarking products. Independents often define compsets manually using a list of comparable properties in the same market and segment.

Related terms

RevPAR

Revenue Per Available Room. The blended metric: ADR × occupancy.

Dynamic Pricing

Automatic rate adjustment based on demand, competition, and forecast.

Part of the hotel-tech glossary. Maintained by Maciej Dudziak, founder of Guestivo.