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Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

STAAH

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. For instance, corporate clients may spend more on services within the hotel and get more volume of bookings throughout the year.

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Hotel Night Audit Process: A Comprehensive Guide!

Hotelogix

Verify room rates Comparing guest registration records with room reports is mandatory to ensure rack rates and actual rates are the same. It also provides you with information on rooms per day, occupancy percentage for the past ten days, and its forecast for the next 30 days. Verify no-shows of the day.

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