So we have determined that we need more than one rate. So how many rates should we offer? How can we sell multiple rates for our hotel at the same time? To make it short, which is the pricing strategy of my revenue management plan?
Develop your pricing grid with products ready to sell as per your forecast and strategies. The following matrix is a non-exhaustive example of possible price building with non-physical fences.
On non-constrained periods, ensure the selling of all products through all distribution channels.
Also Read:
Latest blog post on Hotel pricing strategies
