Explain how fair share is calculated. What will be an ideal ...

[JMatthes]

Question 1

When your competitors change their prices, should you follow?
 
  What will be an ideal response?

Question 2

Explain how fair share is calculated.
 
  What will be an ideal response?

[ecabral0]

Answer 1

Yes, when you see a change in your booking pace (or you anticipate to see a change). Often, competitors change their prices due to their internal factors, which may not impose a significant impact on the overall market. If that is the case, you stick to your pricing that best suits your own demand and supply dynamics. If competitors modify their strategies because they identify changes in the market before you do, then you need to conduct analysis to reflect any shifts in the marketplace.

Answer 2

Position capacity share less revenue share determines the fair share. Position capacity share measures the percentage that one casino holds of the total slot machines and six times the number of table games based on six seats at a table and is a measure of supply share. A positive fair share suggests that the casino is competing effectively in the market while a negative fair share suggests the opposite.

[JMatthes]

Thank you!

[ecabral0]

Always glad to help...