Fenced Rate

What is the meaning / definition of Fenced Rate in the hospitality industry?

The term Fenced Rate refers to reservations that offer certain benefits for bookers: under some conditions and requirements.

Lots of variables can determine a hotelโ€™s room rates for rooms. When segmented into Fenced Rates, the process of rate-setting becomes a lot simpler.

Types of Fenced Rates can include:

  • Non-refundable reservations
  • Non-cancellable reservations
  • Advanced purchase reservations

By setting Fenced Rates, a hotel can often sell more rooms in advance. For guests who accept Fenced Rates when reserving rooms, there can be advantages โ€” such as reduced prices for in-house services and activities.

Note: Guests are not forced to accept these restrictions, but their rate is determined by which (if any) Fences they accept.

See Also:

Synonyms

  • Fenced Rate

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About the Author: Patrick Landman

As CEO and Founder of XOTELS, Patrick Landman has made it his mission to turn hotels and resorts into local market leaders. XOTELSยด diverse expertise and deep-knowledge across revenue management consulting, hotel management, and hotel consulting, enables us to drive results for independent boutique hotels, luxury resorts, and innovative lodging concepts. Below you will find opinion articles written by Patrick Landman.