Today's Revenue Management thought:-
Hmmmmm - too many choices……….What’s the rate ?
One often encounters a multitude of rates for the same room type, available for a given day - Rack Rate, Last Minute Rate, Non-Refundable Rate, Flash Sale, Romance Package, Breakfast & Dinner Rate… and the list can go on & on.
Why should our guests choose anything other than the most affordable rate !
Avoid confusion by ensuring that you are presenting relevant offers & rates on given days. Ensure that your rate set-ups have the correct restrictions and controls associated with them.
Who has not fallen over a Romantic Package when looking for a single room….. uuuggghhhh !!!
Any thoughts on the “correct” number of rates that should be returned for a search on your booking engine ?
Have a profitable week !
✌🏼