Today's Revenue Management thought:-

Applying the brakes ??

Are you considering using stay controls in your hotel ?

It might seem counterproductive at first, but depending on your hotel type & location, they can be a valuable part of your revenue management toolkit.

Restrictions like minimum and maximum length of stay, minimum price, and closed to arrival can help drive bookings on off-peak days, increase occupancy and revenue, and lighten your staff's daily workload. By combining all these points, you'll likely see a lift in your profitability.

To establish the best results, you'll need to analyze demand data, booking pace, market shifts, and other data points. The good news is that automated pricing tools can now implement stay controls into your pricing strategies.

So, don't be afraid to use stay controls in your hotel. They can be a powerful tool to optimize your revenue management and increase your profitability.

Have a profitable week !

✌🏼