Remove Market Remove Rack Rate Remove Revenue
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

Some of the best sources of revenues for hotels are events, meetings, and conventions. 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. Everyone wins!

article thumbnail

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. Hotel room pricing is a critical element of revenue management for hotels. If you are new to Revenue management and would like to know more, read our in-depth ebook to help you understand better.

article thumbnail

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. Review your length of stay restrictions Length of stay strategies can boost your revenue when you expect a high volume of bookings coming your way. Or could you be underselling your rooms?