Pricing for Hotels: Find the best rate to operate in the market 

A market driven rate finding process resulting in a flexible rate structure as the base for a clever rate strategy will always need to be monitored and adjusted depending on the demand and on the product / the rates of the competitors and implies a thoughtful positioning of the own hotel property. In addition the willingness to pay of the different guest-segments play a major role in the rate finding process. This aspect can lead to very different rate strategies such as "Dynamic Pricing", when the daily rate has been calculated based on known demand factors and distributed across the market. Also less flexible fixed price strategies can make sense in a paticular case – lets find the best solution together:

The only way is up – which rate strategy is the best for my hotel?