How to Use Rate Mixing to Maximize Your Revenue
Even though advanced rate mixing is a practice already widely adopted in the hotel industry, only a few of the big hostel chains have joined in on the fun. Why is it important? Implementing dynamic rates increases your rates yield (revenue). Rate mixing gives you better chances of being booked by customers who are looking at your offers because they always see the best combination of value-for-money. Plus, you won’t need to constantly adjust your rates every time demand changes or seasons and events are coming up. How does Rate Mixing work? Rate mixing is a simple concept. You combine two or more different rates within the same reservation option to deliver the guest a desirable offer. Even if you don’t change your rates often, you still do rate mixing one way or another ...