Hotel Pricing Fundamentals and Rate Strategy

  • Author: DCT
  • Level: Introduction
  • Study time: 2 hours
Write your awesome label here.
Join today
This course is designed to provide you with a basic understanding of the frameworks behind various common pricing strategies and typical ways in which prices are set in hospitality.

We study both value-based and market-based pricing and discuss the importance of rate integrity.

Complete the course quizzes for a DCT-Online Certificate of Completion.
  • Video time: 7 lessons
  • Exams: Two Quizzes

What you will learn

 

The framework that supports a set of pricing strategies

 

The fundamental basics for pricing like the economics of supply & demand and the overall determinants of demand

 

Various pricing strategies that can be adopted in hospitality to price different products and services

 

Pricing innovations in hospitality 

 

The distribution channels used to promote hospitality products