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Rack rate: How does it work for hotels?

Little Hotelier

What is rack rate? The rack rate is the standard, undiscounted price for a hotel room. While its rare for guests to pay this rate, its a crucial benchmark for your pricing strategy. Rack rate vs bar rate and net rate So how does a rack rate differ from bar rates or net rates?

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Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

STAAH

Hotel managers and revenue managers use data analysis and revenue management tools to determine the optimal price for each room based on various factors such as occupancy rates, booking trends, and competitor rates. 7) Rate parity Inspire trust in your clients by having the same rate across all channels.

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Hotel peak season: Strategies for small hotels

Little Hotelier

This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue. hotels should consider a number of local factors, such as the climate, local holidays and events, school terms and target guests. Learn more When is peak travel season for hotels?