Remove Occupancy Remove Rack Rate Remove Revenue
article thumbnail

Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

STAAH

Setting the right price for your hotel rooms is crucial for driving revenue and maximizing profitability. Hotel room pricing is a critical element of revenue management for hotels. If you are new to Revenue management and would like to know more, read our in-depth ebook to help you understand better.

article thumbnail

Hotel Night Audit Process: A Comprehensive Guide!

Hotelogix

The night audit process aims to collate revenue against various revenue heads. This is when most revenue centres and Hotel POS outlets at a hotel are closed, making it the ideal time. Verify room rates Comparing guest registration records with room reports is mandatory to ensure rack rates and actual rates are the same.

Revenue 52
article thumbnail

Hotel peak season: Strategies for small hotels

Little Hotelier

This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue. Strategies to prepare for peak season in the hotel industry When peak season is just around the corner, it’s exciting – you’re looking forward to welcoming guests and having full occupancy.