Little Hotelier
JANUARY 19, 2025
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?
MEWS
JULY 16, 2024
What are rack rates in hotels? Rack rates are essentially the starting point for a hotel room’s pricing — think of it as the highest price before any discounts or special promotions kick in. Sometimes you'll hear it called the walk-in rate or retail rate.
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eHotelier
AUGUST 2, 2023
Revenue management can sell a 3-star hotel room for 1000 euros a night: here’s how - Insights There’s no limit to the rack rate if the demand is there. Revenue managers use data to predict market rates, not feelings.
STAAH
MAY 16, 2023
Before we dive in the strategies it is important to understand what Hotel Room Pricing is and how Hotel Reveneue Management plays a part in deciding your hotel room price. Hotel room pricing is a critical element of revenue management for hotels. 3) Forecasting Forecasting is the lifeblood of revenue management.
Social Tables
APRIL 22, 2019
Preparation Conducting a site visit requires time management skills from both the planner and the venue itself. Final thoughts Checking out a new venue for the first time means managing a lot of moving parts with a site inspection checklist. And if the visit feels rushed, make a note of that as well.
Hotelogix
AUGUST 21, 2024
This blog will explain how to do a night audit at a hotel with a cloud-based hotel property management system like Hotelogix. Verify room rates Comparing guest registration records with room reports is mandatory to ensure rack rates and actual rates are the same. What is Night Auditing in the Hotel Industry?
Little Hotelier
OCTOBER 11, 2023
However, you may also be worried about managing the increased workload that awaits you. 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.
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