| Whether planning that dream vacation, getting away | | | | assigned maximum they can charge a guest at their |
| for the weekend, or just taking a random road trip it is | | | | hotel. This rate is located on the inside door of your |
| very important that you have a plan when it comes to | | | | hotel room. How many times have you payed the |
| making hotel reservations. When traveling remember | | | | rack rate? Do not, DO NOT EVER UNDER ANY |
| that time is not on your side. The way to get the best | | | | CIRCUMSTANCE EVER walk directly into a hotel and |
| rate available on a hotel is to make your reservations | | | | try to make a reservation. Your wallet is then at the |
| ahead of time. This is very important to ensure that | | | | mercy of that hotel. |
| you get the best rate. The travel industry with | | | | Now I am going to explain how to get the best rate on |
| respects to hotels is a very testy one. Hotel rooms | | | | hotels no matter where you go or when you go. Again |
| are one of the only products that you can't physically | | | | it is very important that you make your reservation as |
| own that increase in price when availability is low. | | | | soon as possible. The rates go up the lower the |
| There are some myths regarding hotel rates. The | | | | availability and the closer the date. I recommend |
| most popular one is "I will wait until the last second to | | | | booking on the internet. Websites are constantly |
| book a room so I get a better rate". This is extremely | | | | running specials on hotels and some even guarantee |
| inaccurate and will end up biting you in the rear. Hotels | | | | their price to be the lowest. Here is the secret. These |
| start to make money after they "on average" are at | | | | websites purchase the rooms well in advance and buy |
| 60 percent occupancy rate. Anything after that is pure | | | | in large quantities so the savings is then passed onto |
| profit. To prevent price gouging and temporary inflation | | | | the consumer. Sometimes even at rates up to 80 |
| hotels have whats called a "rack rate" which is a state | | | | percent less than what the hotel is going to charge. |