Cancellation Market Rack Rate 
STAAH
MAY 16, 2023
4) Flexible Cancellation Policy Guests are looking for flexibility , now more than ever. People are even ready to pay a better price in order to have the flexibility to cancel. Also known as a non-refundable rate. It is one of the most important strategies for hotels. It is handy to have this as a strategy.
Little Hotelier
OCTOBER 11, 2023
You don’t accept reservations at specific discounted rates for multiple night stays extending into the sold out period. Guests who want to stay beyond the maximum length of stay period can be charged rack rate for subsequent nights. Review your rates & packages Look around at the market – are your rates competitive?
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