What is the definition of Stay Restriction in the hotel industry?
The key to thriving hotel revenue management is power, with control over bookings being a vital determinant in achieving full tenancy for as many weeks as potential across a total 12-month period, and into the upcoming time. At a hotel, a reservation or booking be in charge of is known as a Restriction.
There are quite a few ways that hotel management can put restrictions on bookings, but that does not mean all restriction options should absolutely be made part of any hotel’s reservation strategy.
Let’s look now a just some of the restriction choice open to managers of smaller, independent hotels, and to senior management teams who are perhaps accountable for successfully managing hundreds of hotels of diverse types and sizes across a worldwide chain.
Any type of constraint that a hotel opts for should be executed with care; after all, building an usual customer-base and nurturing customer loyalty is necessary to any hotel seeking to make the most of profits year on year. So, as with many other aspects of operating within the Hotel Industry, it is significant to hit a fine equilibrium between maintaining power but without alienating guests old and new!