Cancellation Forecasting Rack Rate 
STAAH
MAY 16, 2023
3) Forecasting Forecasting is the lifeblood of revenue management. Forecasting in revenue management relies on setting prices based on what you expect the demand to be. 4) Flexible Cancellation Policy Guests are looking for flexibility , now more than ever. Also known as a non-refundable rate.
Hotelogix
AUGUST 21, 2024
Verify room rates Comparing guest registration records with room reports is mandatory to ensure rack rates and actual rates are the same. It helps you to understand a particular day’s occupied rooms, available rooms, check-ins, check-outs, no-shows, cancellations, complimentary rooms, day-use rooms, etc.
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