article thumbnail

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?

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Hotel Marketing Tactics Hoteliers Need to Employ Now

Social Tables

hotel marketing tactics you can start using today that will impress event planners and make your hotel an easy choice for future events. Create an Event Planner Package to price out rack rates and offer a bundled price. The most powerful hotel marketing tactics all have one thing in common. Click To Tweet. Everyone wins!

article thumbnail

Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

STAAH

Bundled packages or value-added pricing where some complimentary services are added without reducing the rack rate is also a commonly applied strategy to grow revenue. 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

article thumbnail

Hotel peak season: Strategies for small hotels

Little Hotelier

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?

article thumbnail

8 Rules For Creating Compelling Hotel Offers & Experiences

Hotel Speak

Hotel marketing managers have a tough job. Creating offers and experiences to increase sales is different from selling a typical, rack rate room. Creating offers and experiences to increase sales is different from selling a typical, rack rate room. Dont create an offer or experience youre not ready to sell.