What it means in plain language
Rate shoppers - OTA Insight, Lighthouse Rate Insight, RateGain - pull comp-set rates every few hours across channels. The output feeds your dynamic pricing model and BAR-by-day-of-week strategy. Don't blindly match: shop intelligently. A comp drop that's 24 hours old is signal; one that's 4 weeks old is noise.
How Rate Shopping fits in the bigger picture
Rate Shopping doesn't live alone - it sits inside the Pricing & Rate Strategy category and connects to 3 closely related concepts most working revenue managers track in the same breath. Pair this definition with the related terms below to build a working mental model - definitions in isolation are easy to memorize and easy to misuse.
Related terms you should also know
Each of these is one click away - start with whichever you don't already use daily: