Hospitality Net

MAY 25, 2023

Smart hoteliers view revenue management as a strategic way to improve profits. You’re familiar with this model when considering your rack rate vs. your bottom prices. Those bottom prices may not cover much more than your costs, but they impact your rack rate months away when you can see higher profits.

Rack Rate 234

Rack Rate Revenue Management Revenue Management 234

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.

Revenue Management 98

Revenue Management Rack Rate Revenue Management 98

Little Hotelier

OCTOBER 11, 2023

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.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

STAAH

MAY 16, 2023

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.

Revenue Management 86

Revenue Management Upsell Occupancy Rack Rate 86

Social Tables

AUGUST 31, 2017

Some of the best sources of revenues for hotels are events, meetings, and conventions. Create an Event Planner Package to price out rack rates and offer a bundled price. Create an “ Event Planner Package ” that lists all of these perks at their rack rates and then offers a single bundled price.

Hotel Marketing 79

Hotel Marketing Rack Rate Market Marketing 79