Which type of rate rewards customers who book early?

The Advance Purchase Rate is designed specifically to reward customers who make their reservations well in advance of their stay. This type of rate generally offers a lower price compared to standard rates as an incentive for early commitment. Hotels benefit from these bookings because it helps them manage occupancy levels and forecast demand more accurately.

Customers opting for the Advance Purchase Rate typically agree to pay for their stay upfront, which allows the hotel to secure revenue early. While it often comes with restrictions like being non-refundable and requiring payment at the time of booking, this arrangement is advantageous for both the hotel and the traveler looking for cost savings.

In contrast, the Last Minute Rate is aimed at those who make bookings closer to their stay, which doesn't cater to early reservations. Non-Refundable Rates can be flexible in terms of timing but still require a commitment to pay upfront without the early booking incentive. Corporate Rates are tailored for business travelers often negotiated by companies and do not specifically reward early reservation behavior. Thus, the Advance Purchase Rate stands out as the clear choice for rewarding early bookings.