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Rate plans

Hello dears, I'm interesting how do you plan rates? Can you give me good tips for managing rate  plans, maximum how many rate plan is good to manage the hotel well and not be chaos. I thing that I need to have Standard rate, Non-refunduble rate and breakfast included (For st. and non-ref.) so, is it 4 rate plan? How can i make easy and well-managing hotel rates? Please, good tips. 

3 Replies
95 Views

10
BrookAve

Hi

I would start with rate based on room type or quality..standard dbl then deluxe king etc.

These then assign a basic daily rate, so let's say 120.

Now consider rates for 3 nights 5 nights as either a percentage discount or amount calculated from the daily nightly rate.

E.g.

Basic nightly rate =120

Min 3 nights 10%=( 120-10%) *3

You can also do things like sunday to Wednesday are basic rate, but then thursday to Saturday are premium days at basic of 150 and 3 night option discount .

 

Remember genius members get discount, and promotions can stack with them, do that basic nightly 120 for a genius booking for 3 nights can be 120-25% *3, then bdc commission.

 

 

+2
9 months ago
8
Aaltje B.

hi Barry

It would be interesting to calculate service vs costs. 

On a yearly basis. Including rates to council, rent we pay ourselves to landlord, electricity, cleaning products, and last but not least : food. 

I have to travel far for food. and my garden didn't grow much with all the cold and rain we had (nz south of south) so if going too high with asking price no body enters, if too low, we attract the wrong crowd plus we don't make money. 

It's such a fine line. 

What are we aiming for : stars or low cost....hmmm. 

8 months ago
8
Aaltje B.

I am particularly meaning percentage:  service vs costs. No real figures needed. But interesting to see. 

 

Also bed linen and soap included. 

With having many people coming through for only one day, my bed linen wears off very quickly. 

For my guests only the best, so no cheap polyester. 

But it comes to a price! 

oh dear. 

 

Greetings, 

Aaltje B. 

+1
8 months ago