glossary: S

Special rate plans are the room price that has been discounted by percentage or amount based on the rack rate. This rate is applied for special guests, such as Long-term bookings /staying, Regular guests, who usually use hotel services, Guests from the hotel’s partner companies, or Family with kids (kids under 12 years old) …. … Continued

Static Pricing or static rate is when a room rate doesn’t fluctuate based on market trends like occupancy or demand, but instead remain the same rate night after night opposite of the dynamic pricing with no charging one price for a product regardless of the time of year or the demand in the marketplace. Static … Continued

Stay Controls are duration rules and restrictions that may apply to arrival dates, departure dates, and minimum length of stay. used to execute revenue management strategies through restrictions that are commonly used such as closing a hotel, room type or rate; establishing minimum lengths of stay, restricting arrival and/or departure dates, oversell limits, etc hence … Continued

A stay Pattern Management is a pattern that can cover the individual’s arrival day, number of nights’ stay, and departure day for the guest, stay pattern management can further enable a hotel to maximize revenues. A reservation’s stay pattern is the combination of arrival date and length of stay. When maximizing revenue, you want to … Continued

Stop Sell is the act of stopping the hotel from being booked on distribution channels, used when a hotel is sold out during a certain time period or chooses not to sell any more rooms.

 Surrounding Pricing is a strategy that puts your most affordable room rates among the cheapest on the market. However, your most expensive room rates are then set closer to the same rates offered by your surrounding competitors. When using this strategy, a hotel must offer additional value through facilities, amenities, or services that competitors aren’t … Continued