What is meant by the term "percentage checks" in a competitive set context?

The term "percentage checks" in a competitive set context refers to monitoring the percentage of rooms occupied or available from a single property within a portfolio of competitive hotels. This analysis helps hotel operators and revenue managers compare their performance against that of their competitors, providing insights into market positioning and occupancy levels. By focusing on the proportion of total rooms in the competitive set that belong to a specific property, management can evaluate their strategies and make informed decisions to enhance their market share. This understanding is crucial for assessing how well a property is performing relative to its competitors and identifying areas for improvement or adjustment in operations.