Applying Weekday and Weekend Pricing

A three-day event is planned, with room blocks booked for Monday, Tuesday and Wednesday. Each property defines weekdays as Monday through Friday, and weekend days as Saturday and Sunday.

Property 1 uses weekday and weekend rates, while Property 2 uses the average rate for each day of the week. Property 2 does not have weekday and weekend rates.

As the following table 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.

The total room price is the same for Property 2, which uses an average rate regardless of the day.

Property 1 and Property 2	Monday	Tuesday	Wednesday
Quoted # Standard Rooms	10	20	10
Price per Room	200	300	200
Total Room Price per Day	2000	6000	2000