Pricing Strategy

Why You Should Care About Rate Integrity

Why You Should Care About Rate Integrity

As hospitality professionals, we spend a lot of time talking about the importance of such things as “value for price paid,” “rational pricing,” and “rate integrity.”    However, because these are so common in our work, there is an inherent risk that we may inadvertently lose sight of what these phrases truly mean or worse, there is risk that we may lose sight of how to execute strategies that reflect these important principles.

Challenging Convention: Why Do We Discount?

One of the greatest opportunities for revenue enhancement in the hospitality industry lies with our ability to break through some of the paradigms that drive our decision-making process.  So many times, our strategies and tactics are determined by doing things the way we’ve always done them, rather than asking ourselves WHY we are doing them that way.