Today's Revenue Management thought:-
Pricing's little secret is that there is no mathematically correct answer.
It’s a range of solutions which are possible, based on variables - most out of your control. Basically it’s, best case, worse case & somewhere in between.
Want to try and understand pricing….. then don’t start with pricing. Start with assessing value, quantifying it, understanding it, gain knowledge on what value is with your hotel, how it scales, how customers perceive it, where they start, where they end.
Have a profitable week.
✌🏼