Discounting is an effective way to boost bookings when demand is soft. However, if underutilized or mismanaged, it leads to lost bookings and underpriced rooms.
In the guide, we explain how to adopt a strategic approach to room discounting, balancing occupancy and average rate to maximize revenue.
Here are a few of the topics we cover.
Qu'est-ce que la réduction des prix des chambres d'hôtel ?
Discounting involves lowering room prices to increase demand. It’s used to:
- Attirer l'attention des acheteurs de voyages
- Augmenter le nombre de réservations
- Attirer des clients de la concurrence
Strategic Discounting
Instead of offering constant promotions and across-the-board price cuts, hotels can earn more revenue by being more strategic and targeted in discounting.
Rate Fences
Rather than offer the same rates to all guests, target specific segments by offering a variety of rate plans and featuring rate fences – conditions travelers must meet to qualify for special rates.
Rate fences can be physical, like room type or view, or non-physical, like customer, transaction, and time characteristics.
Types of Discounts
Common discounts include:
- Direct-booking discounts
- Length-of-stay discounts
- Early bird discounts
- Non-refundable discounts
- Last-minute discounts
- Premium room discounts
Hotel Room Discounting Tips and Strategies
Here is a sampling of the 12 tips we share in the guide:
- Plan ahead to anticipate demand patterns throughout the year.
- Monitor competitor rates to gauge market demand and pricing.
- Target specific dates and room types where pick-up is slow.
- Use stay restrictions to ensure discounts are available only when you need a boost.
- Use percentage discounts rather than fixed amounts.
- Offer value-adds as an alternative to price reductions.
Make Pricing Easy with Revenue Management Solution
Revenue management solution takes the anxiety and guesswork out of pricing management. The software manages daily room rates on behalf of your hotel, ensuring you’re always priced optimally.
Un prix juste, tous les soirs
To learn more about these important pricing terms and strategies, check out our guide, Maximiser le chiffre d'affaires des chambres d'hôtel grâce à l'escompte stratégique.
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