What is the definition of Fenced Rate in the hotel industry?
The word Fenced Rate refers to reservations that offer certain benefits for bookers: under some conditions and requirements.
Lots of variables can decide a hotel’s room charges for rooms. When divided into Fenced Rates, the procedure of rate-setting becomes a lot simpler.
Types of Fenced Rates can comprise:
- Non-refundable reservations
- Non-cancellable reservations
- Advanced purchase reservations
By setting Fenced Rates, a hotel can frequently sell more rooms in progress. For guests who allow Fenced Rates when reserving rooms, there can be advantages — such as reduced prices for in-house services and actions
Note: Guests are not compulsory to accept these restrictions, but their rate is dogged by which (if any) Fences they accept.