Room rate Management
Maximize occupancy & revenue
WebRezPro PMS delivers powerful and flexible room rate management tools designed to help hotels maximize revenue and streamline operations. Easily manage a wide range of pricing strategies, including package rates, negotiated rates, derived rates, and dynamic yield management.
- Revenue Management Explained
What is Room Rate Management?
Room rate management is a crucial strategy in the lodging and hospitality industry that involves setting, adjusting, and optimizing hotel room prices to maximize revenue, boost occupancy, and stay competitive in a dynamic market. For hotels of all sizes—whether boutique properties, resorts, or large chains—effective room rate management ensures that pricing aligns with demand, seasonality, local events, and guest behavior.
In today’s digital age, room rate management goes beyond simple pricing. It integrates revenue management techniques, real-time data analytics, competitor benchmarking, and dynamic pricing tools to help hoteliers make smarter decisions. By leveraging technology and rate intelligence, hotels can avoid underpricing rooms during high demand or overpricing them during low seasons.
Whether you’re using manual strategies or automated room rate management software, having a solid approach to pricing is essential for long-term success. From daily rate updates to seasonal pricing strategies, mastering room rate management can significantly impact your bottom line.
- Integrated Rate Management Tools
Standard Rates
Enjoy unlimited rate changes with advanced day-of-week pricing capabilities, giving you complete control over your hotel’s revenue strategy. For maximum flexibility, easily override standard pricing, adjust minimum length of stay (LOS), and apply close-to-arrival or close-to-departure restrictions on a day-by-day basis.
Package Rates
Enhance the guest experience and boost your hotel’s revenue by packaging room reservations with value-added products and services. Create memorable stays by offering customizable add-ons such as fresh flowers, relaxing spa treatments, local tours and activities, airport transportation, dining experiences, and more. These curated packages not only increase perceived value for your guests but also encourage upsells and improve guest satisfaction. Whether you’re targeting couples, families, or business travelers, bundled offerings allow you to cater to specific needs and create personalized, unforgettable stays.
Derived Rates
Derived rates use pricing and restrictions from a base rate, allowing you to easily create discounts and add-ons based on existing rates. Derived rates can be created as a percent discount or a fixed price adjustment (above or below) of a base rate.
Password-Protected Rates
Password-protected rates can only be booked using an assigned access code and are useful for selling coupons and restricted rates and discounts.
Negotiated Rates
Negotiated rates provide an additional layer of pricing flexibility, allowing hotels to tailor special rates to meet the unique needs of corporate clients, group bookings, travel agents, or long-term stays. These customized rate agreements cover a wide range of circumstances—such as volume-based discounts, seasonal partnerships, or preferred client arrangements—giving you the ability to offer competitive pricing while maintaining profitability.
Corporate Rates
Set up rates for corporate customers that can be designated to specific corporate accounts.
Easy rate Overrides
Stay ahead of the game with quick and easy override tools that make changing pricing and availability a breeze.
Yield Management
WebRezPro’s yield management module helps you maximize revenue by allowing you to set up rules for your system that will automatically adjust rates in response to changes in availability.
