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

4 Hotel Marketing Tactics Hoteliers Need to Employ Now

Social Tables

Create an Event Planner Package to price out rack rates and offer a bundled price. During the early stages of the planning, both sides will waste time negotiating prices for these perks that both sides know the hotel is eventually going to offer at some discounted rate. Click To Tweet. Skip negotiations over event perks.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

STAAH

Guests can be segmented by volume (booking more rooms at once), attributes (those wanting a sea view room vs a garden view), service offering, time of purchase, time used, or more. For instance, corporate clients may spend more on services within the hotel and get more volume of bookings throughout the year.

article thumbnail

The Ultimate Site Inspection Checklist & Guide for Planners

Social Tables

If so, what are the requirements?

Events 102
article thumbnail

Hotel Night Audit Process: A Comprehensive Guide!

Hotelogix

A Hotel Night Audit Checklist Night audits are mandatory for hotels of all sizes, categories, and services. Verify room rates Comparing guest registration records with room reports is mandatory to ensure rack rates and actual rates are the same.   It generates several MIS reports called night audit reports.

Revenue 52
article thumbnail

8 Rules For Creating Compelling Hotel Offers & Experiences

Hotel Speak

Creating offers and experiences to increase sales is different from selling a typical, rack rate room. For example, when selling a rack rate room, an accompanying image is not necessary; neither is additional detail about the room. Ensure you can execute the offer and that it will work with your website and backend.

Rack Rate 106