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What is rackrate? The rackrate 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. Rackrate vs bar rate and net rate So how does a rackrate differ from bar rates or net rates?
3) ForecastingForecasting is the lifeblood of revenue management. Forecasting in revenue management relies on setting prices based on what you expect the demand to be. We would love to hear from you, if you have any tips on how you plan your hotel room pricing, feel free to write to us at marketing@staah.com
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