Daily Rate Management: Effective rate management refers to the ability to manipulate our rates in response to current market conditions that requires the implementation of procedures that will enable us to perform the relevant steps necessary to effectively manage our rates.
Room Type Close-out: In order to promote the sale of higher room rates, room types can be ‘closed out’ for both the hotel and TARS. An example of this would be the closing out of our standard room types in a bid to sell the remaining higher yielding room types that are left open.