Make a captivating pricing page that makes airport hotels shine

With some persistence and luck, scoring a lower rate the night before your stay is possible. But in most cases, booking in advance is still the best way to secure the lowest price.

Its a simple formula but may not always be so easy to calculate. You need to add up all the costs of running your hotel and divide it by the number of rooms you have to sell. This will give you an average figure for each room, meaning you should charge at least that much to break even.

Actually, hotel prices decline the longer you wait, says Shank, so if you havent made plans yet, you can be rewarded for that with a better deal. Same-day rates on HotelTonight are, on average, 10 percent less than if you book the day before, ing to Shank. Be willing to live on the edge.

Waiting until the very last minute to book can really pay off. While airfares tend to rise as your travel date approaches, its the opposite with hotel prices. Since hotels are always aiming to maximize their occupancy rate, many will decrease their rates if they arent meeting their expected targets.

Cheapest Day to Book Hotel Reservations Most travel agencies agree that the cheapest days to book hotels are Fridays and Saturdays. While these are the most expensive days for actually checking in and out, the best hotel rates are on the days when most people are traveling.

When hotels determine their room rates, they pay close attention to previous rates at their property, other hotels in the area, and how well the hotel performed at different rate levels. Rack rates are often based around annual revenue goals for the hotel, such as a 3% increase in ADR, for example.

If youre short on time, heres a quick answer to your question: Hotel prices can go down closer to the date, but its not always the case. In this article, well explore the different factors that affect hotel prices, the best time to book a hotel, and some tips on how to save money on your next hotel stay.

Sign up for a Hotels.com account for Secret Prices The discount varies, but youll see the savings denoted in your search results with a tag that states Secret Price. Plus, once youve earned 10 stamps with the Hotels.com rewards program, you can redeem them for a free night.