More Guests Are Asking for Discounts During COVID. How I'm Handling It
Summary
AI-generatedLearn how to handle guest discount requests during uncertain times by maintaining your pricing with a standard, confident response. Discover strategies to avoid operating from a position of desperation and leverage dynamic pricing to maximize profitability.
Key insights
In markets with high demand and low availability, consider increasing prices rather than offering discounts, especially for last-minute bookings.
Mistakes to avoid
Operating from a position of desperation by offering discounts when not financially necessary can devalue your offering and reduce overall profitability.
Tools & resources
Beyond Pricingtool
Utilize dynamic pricing tools to adjust rates daily based on supply and demand, which can significantly improve profitability.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial