Mews

JULY 16, 2024

What are rack rates in hotels? Rack rates are essentially the starting point for a hotel room’s pricing — think of it as the highest price before any discounts or special promotions kick in. Sometimes you'll hear it called the walk-in rate or retail rate.

Rack Rate 52

Rack Rate Retail Hotels Revenue Management 52

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

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

STAAH

MAY 16, 2023

Before we dive in the strategies it is important to understand what Hotel Room Pricing is and how Hotel Reveneue Management plays a part in deciding your hotel room price. Hotel room pricing is a critical element of revenue management for hotels. 3) Forecasting Forecasting is the lifeblood of revenue management.

Revenue Management 90

Revenue Management Occupancy Upsell Revenue 90