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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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Revenue management can sell a 3-star hotel room for 1000 euros a night: here’s how  

eHotelier

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.

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Hotel rack rates: What they are and the best strategies | Mews

MEWS

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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Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

STAAH

Setting the right price for your hotel rooms is crucial for driving revenue and maximizing profitability. 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. What is Hotel room pricing?

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Hotel Night Audit Process: A Comprehensive Guide!

Hotelogix

This blog will explain how to do a night audit at a hotel with a cloud-based hotel property management system like Hotelogix. The night audit process aims to collate revenue against various revenue heads. This is when most revenue centres and Hotel POS outlets at a hotel are closed, making it the ideal time.

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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. However, you may also be worried about managing the increased workload that awaits you. Ultimately, you can always be sure that you’re putting your most attractive rates forward.