Pricing Strategies

This screen shows details of all created pricing strategies.

Navigate to Menu > Strategy Hub > Strategy Control > Pricing Strategies.

With an automated default setup comprised of the pricing data from the PMS and a calendar view to manage longer periods, you can manage offsets linearly as an amount or non-linearly as a percentage, for the room types and the number of guests occupying the room.

For example, you can have a default price differential between a standard room and a deluxe room of $20, but increase the differential on weekends when there is more demand for deluxe rooms. These are linear price differentials.

The differential can also be expressed as a percentage, meaning that you do not need the calendar. You can automate the adjustment for low demand and peak demand periods. These non-linear price differentials.

Price differentials can also be defined for these room types, according to their occupancy levels::

  • Single: The price difference to be applied on the price of the reference room type and one guest.
  • Double: The price difference to be applied on the price of the reference room type and two guests.
  • Triple: The price difference to be applied on the price of the reference room type and three guests.
  • Quadruple: The price difference to be applied on the price of the reference room type and four guests.
  • Adult: The charge to be applied for an additional adult staying in the room.
  • Child: The charge to be applied for an additional child staying in the room.

The Pricing Strategies screen shows this information:

Pricing Strategy
Name of the set of prices. By default, only prices that are uatomatically extracted and populated by the engines are shown until you create your first strategy.
Description
Description of the pricing strategy.
Days of Week
Days of the weekk for which you have created the pricing strategy. If the strategy is for all days of the week, then 'All' is displayed. But, if for selected days of the week, then the applicable days are displayed using the first two letters. For example, Tu, Th, Sa, and so on.
Color
You can assign a color to represent the strategy. Defualt is white.
Status
Shows the status as Active/Inactive. If there is at least one day in the future for those prices, then it is Active.
Last Update
Shows the date of the last update to the pricing strategy, based on changes to either the prices or the applicable dates.

Select Edit to go to the Pricing Strategies Details screen.