If you booked a hotel recently you’ve seen that for the same room you can have multiple rates that are available to you. So one of those rates usually is a non-refundable rate. It’s a locked in rate, and that’s usually the lowest price. If you’d like to have flexibility, to be able to cancel a room, that price will probably be a little bit higher. And then of course there are other packages that add on top that include other benefits along with it.
Well, it’s just a matter of time before that comes to the campground industry. And it has, a friend of mine was looking at some rates for Katherine’s landing in hot Springs, Arkansas, and noticed that they had two different rates available when she was booking a campsite, there was one rate for the best available and another for the piece of mind rate, the best available rate was a lock in if you had firm dates for your stay at their park, you got the lowest rate.
The secondary, the piece of mind rate offered the opportunity for you to cancel your reservation and get your money back up to 72 hours prior to your arrival. So it has happened. We all know that some of the booking engines that we’re using and reservation systems, cross borders and work in hotels as well as campgrounds. So it’s just a matter of time before these come to play. So you may have strong feelings, whether you like this, or don’t like it. I encourage you to take a look at it, evaluate it, determine if it’s right for you. Look at what your competition does and keep that in mind when you are starting to look around and keep that on the back burner of ideas of probably what’s to come in our industry.
I am Donna Bordeaux from CampgroundAccounting.com. Please follow us on Facebook and Instagram. Check out our blog and our website from the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me at email@example.com.
Donna Bordeaux, CPA with Campground Accounting
What happens when you send two CPAs out into the relaxing outdoors to camp? You get CampgroundAccounting.com. Donna and Chad have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They camp and travel across the country every chance they get, so it’s just a natural fit that they focus their CPA skills on helping campground owners throughout the USA grow their businesses and minimize the impact of taxes. They understand the key performance indicators and specialized issues that face RV park owners every day.