Categories
Videos

What Happens When Every Day At Your Hotel Has The Same Rate?

What Happens When Every Day At Your Hotel Has The Same Rate?

A new client needed some help with revenue management.

I recorded his occupancy and rate for each day until the end of the year and noticed that every day had the same rate. This caused the times of high demand, his weekends, to fill up too quickly which means he was passing up revenue, and it caused his hotel to sit empty during the weekdays. I showed him how to use his compset to increase his weekend rates appropriately, and how to lower his weekday rates to a heathy level. https://youtu.be/eqSjP_Uv5qs