The best available rate is the public, flexible price a hotel offers at any moment for a date, with no special conditions. It is the reference that discounts, non-refundable rates and member deals hang off. When the revenue manager moves the day's price, they move the BAR.
Example The BAR for an August Saturday rises to 180 euros while the non-refundable rate stays at 160.
Dynamic pricing adjusts rates in real time based on demand, competition, lead time and other factors. Instead...
OperationsThe non-refundable rate is paid upfront and is not returned if the guest cancels or fails to show. In...
DistributionRate parity is the commitment to offer the same public price across all channels. Many OTAs require it by...
RevenueOpen pricing is setting each rate and each segment independently instead of moving them all chained to the...
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