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Technology

Understanding Rate Parity and Its Impact on Hotels

Rate parity is a common practice in hotel revenue management. It's also a quite controversial one. The debate around its fairness is ongoing, and in one case, a dispute on its application even had to be resolved by a Supreme Court. In this article, we explore what rate parity is, its pros and cons, and how you can adapt to it successfully.

Development

Moxy St. Pete Hotel to Open in St. Petersburg, FL This Summer

The newly built lifestyle hotel, thoughtfully designed by Storyn Studio for Architecture, will introduce 163 guest rooms and suites, a dynamic lobby featuring indoor and outdoor spaces, a large open-air bar and premium coffee cafe, work areas, and the neighborhood's first rooftop pool deck with a poolside bar.