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For example, if you set a minimumstay of two nights, no guest will be able to book a stay shorter than that. Minimumlength of stay (MLOS or MinLOS) restrictions can be used across all your rooms or a select few that you choose. For example, leisure guests generally stay longer than business guests.
As a hotelier, boosting the occupancy rate is critical to running a successful business. You can increase your rate and occupancy as many people will be looking to book their accommodations. Are they families, couples, or business travelers? Higher hotel occupancy is a crucial factor in the success of your hotel business.
Holiday periods are a busy time for everyone, and for a lot of people a mid-year break or festive period is the perfect opportunity to travel. This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue.
And we bring to you five such effective hotel pricing strategies to help you maximize revenues and build a sustainable hotel business. The room rent you charge for your hotel rooms plays a very important role in your business, especially when you plan to sell more rooms. What is Hotel Room Pricing Strategy?
In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.
In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels being unable to reach satisfactory visibility and level of business to remain open.
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