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Some properties employ business rules that require different rates for weekdays and weekends. This is because the guest profile on weekdays (often business travelers) can be different from the guest profile on weekends (often leisure travelers). In this case, each room block can have a weekday rate and a weekend rate. For properties that do not use different rates for weekdays and weekends, the average rate is always applied to each room type during an event.
This topic gives the following examples of how weekday and weekend pricing might be used. These scenarios illustrate the variances in room revenue for a property that uses different weekday and weekend pricing, and a property that uses the average rate for each day of the week. You might use weekday and weekend pricing differently, depending on your business model.
As Table 112 shows, for Property 1 the total room price for the three days equals $10,000 ($2000 plus $6000 plus $2000). The average weekday rate is calculated as $10,000 divided by 40 total rooms equals $250. The average weekend rate is null, because the event did not continue into the weekend.
An event lasts two days and requires room blocks for Tuesday and Saturday. In this case, there are weekday and weekend rate for Property 1. Table 113 shows Property 1 with the following rates:
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