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The
Hospitality
Industry
LODGING
SECTOR
KINDS OF ACCOMMODATION
Accommodation a place where travelers can sleep
and find other services
Corporate Rate
a negotiated special rate with the hotel for volume business
WHAT ROOM COSTS
Whether the hotel or chain is offering a special promotion
hotels and entire brands sometimes decide that their
booking are so soft that something should be done to
stimulate demand.
They identify a certain no-show rate people who fail, for whatever
reason, to arrive at the hotel or who cancel at the last minute.
To adjust, like airlines, hotels often overbook, based on the predicted
no-show rate.
If that prediction is off, a guest arriving late in the evening may not
be able to stay at the hotel, because all rooms are already occupied.