Madeleine
Well-known member
- Joined
- Sep 29, 2011
- Messages
- 7,990
- Reaction score
- 1
Just sharing my experience with rates:
When we took over they were dirt cheap $89 a night. No occupancy - go figure. We came in and immediately raised to $110. That went well for about a year as we built up the business. Then raised to $130, all was good. But, as soon as we tried $150 we stopped getting walk-ins and the advance reservations slowed down. We could tell almost immediately that the price was turning people off. We backed down to $140 and reservations picked up. It was alarming how noticeable it was that people didn't like that price. Now we have been at that rate (for our King, in season) for over a year and it's working out great..
Very true. Guests will let you know for sure!Kay Nein said:Just sharing my experience with rates:
When we took over they were dirt cheap $89 a night. No occupancy - go figure. We came in and immediately raised to $110. That went well for about a year as we built up the business. Then raised to $130, all was good. But, as soon as we tried $150 we stopped getting walk-ins and the advance reservations slowed down. We could tell almost immediately that the price was turning people off. We backed down to $140 and reservations picked up. It was alarming how noticeable it was that people didn't like that price. Now we have been at that rate (for our King, in season) for over a year and it's working out great.
Next week is when everyone and their uncle thinks rooms here should be $50. The season is over, right?
We cannot get walk ins at anything over $100. We don't even bother trying to talk to them.
I bet 75% of our guests think our peak season is winter.