Hotel Revenue & Management Blog

What is the meaning / definition of Stay Restriction in the hospitality industry? The key to successful hotel revenue management is control, with control over bookings being an important determinant in achieving full occupancy for as many weeks as possible across a complete 12-month period, and into the future. At a hotel, a reservation or booking control is known as a [...]

What is the meaning / definition of Stay in the hospitality industry? Stay is the period of time that a customer stays in a guest room of a hotel. Stay is your overnight visit at a hotel where you will need an accommodation to stay regardless of the number of nights. For example, whether if you are staying at a hotel [...]

What is the meaning / definition of Static Pricing in the hospitality industry? Static Pricing is when a hotel keeps exactly the same selling rate at all times, regardless of the occupancy, market trends and marketplace demand. This is the opposite of dynamic pricing. Static pricing is considered an outaded practice in the industry as does not allow your hotel [...]