Consumer confidence has taken a significant hit over the past year. University of Michigan survey data shows consumer sentiment dropped 25% from May 2024 to May 2025, leaving travelers increasingly cautious about discretionary spending. This shift is rippling through the entire hospitality industry, with travel spending declining across all categories.
While full vacations feel financially daunting to many consumers, day passes present a compelling alternative. A pool day or spa experience offers the luxury and relaxation travelers crave without the hefty price tag of airfare. Another silver lining: day guests are more likely to purchase meals on-site than overnight guests. The challenge? Capturing these price-sensitive guests in a market where every dollar counts.
The answer lies in dynamic pricing – specifically, lowering your minimum prices to meet consumers where they are financially. We understand this can feel counterintuitive. Reducing prices seems risky when revenue is already under pressure. However, ResortPass's built-in dynamic pricing tool removes much of that risk.
ResortPass's dynamic pricing works intelligently in your favor:
This means you're not simply slashing prices across the board. Instead, you're strategically using lower entry prices to drive initial bookings while protecting your revenue potential as demand increases.
Read this article to learn how to turn on dynamic pricing and adjust minimum and maximum prices.
Weekdays typically see softer demand, making them ideal candidates for lower minimum pricing. By reducing weekday minimums, you can:
As we head into what's shaping up to be a softer summer for travel spending, the properties that adapt their pricing strategy will be best positioned to succeed. Consider these steps:
In a market where consumers are pulling back on spending, flexibility wins. Dynamic pricing allows you to meet guests at their comfort level while still maximizing revenue potential. Your pool and spa facilities represent fixed costs whether they're full or empty – dynamic pricing helps ensure they're generating revenue rather than sitting unused.
ResortPass's dynamic pricing tool makes it simple and safe to manage your day guest pricing strategy. Use it wisely to bring new day guests onto your property, where they will spend even more dollars on food and drinks than the average overnight guest.