Guide
Rate Management
Set up dynamic pricing and automated rate rules to maximize revenue.
Dynamic Rate Management allows you to automatically adjust room rates based on demand, seasonality, occupancy, and other factors to maximize revenue and occupancy.
Understanding Rate Plans
Rate plans define your pricing strategy for each room type:
Rate Plan Components
- Base Rate: Your default price per night
- Currency: INR or other supported currencies
- Cancellation Policy: Free cancellation, non-refundable, etc.
- Meal Plan: Room only, breakfast, half-board, full-board
- Length of Stay Discounts: Discounts for longer stays
- Advance Booking Discounts: Early bird specials
Dynamic Pricing Rules
Create automated pricing rules to adjust rates based on various conditions:
Types of Pricing Rules
Seasonal Adjustment
Adjust rates for peak/off-peak seasons
Demand-Based Pricing
Increase rates when occupancy is high
Length of Stay Discount
Offer discounts for longer stays
Advance Booking Discount
Reward early bookings with lower rates
Last Minute Pricing
Special rates for same-day bookings
Occupancy-Based Pricing
Adjust rates based on current occupancy
Creating Pricing Rules
- Go to Pricing Rules in your dashboard
- Click "Create New Rule"
- Select the rule type
- Configure the rule:
- Property and rate plan (or apply to all)
- Adjustment type (percentage, fixed amount, multiplier)
- Adjustment value
- Date range (for seasonal rules)
- Conditions (occupancy threshold, etc.)
- Priority (higher priority rules apply first)
- Set minimum and maximum price constraints (optional)
- Enable automatic application
- Save the rule
Rate Optimization
Use the Rate Optimization dashboard to view suggested rate adjustments:
Optimization Features
- Demand Analysis: View current occupancy and demand trends
- Optimized Rates: See suggested rate adjustments based on demand
- Base vs Final Rates: Compare original rates with rates after applying all rules
- Occupancy Tracking: Monitor occupancy percentages for each date
Pro Tip: Review optimized rates regularly and apply them manually, or enable automatic application for trusted rules.
Best Practices
Rate Management Best Practices
- Start with conservative pricing rules and adjust based on results
- Monitor competitor rates regularly
- Use seasonal rules for predictable demand patterns
- Set minimum and maximum price constraints to protect margins
- Test pricing rules on a small date range first
- Review rate optimization suggestions before applying
- Track revenue impact of pricing changes
- Adjust rules based on performance data