Strategy

The Strategy section displays the reference room types for which you can review and modify the price for the day. By default, the data is retrieved from the Property Management System (PMS).

You can also view the rate classes that are active and used for publishing in this section.

You can modify the pricing data for the reference room types based on these pricing strategies selected on the Pricing tab of the Parameters screen:
  • If the Continuous Pricing option is selected, you can use Price Stepper to modify the pricing data.
  • If the BAR Level Recommendation option is selected, you can select the required BAR level for each room type using the BAR Level field in the BAR Level column. You can select BAR levels for multiple room types in a room class, if the Use Room Class Differentiated Pricing option is selected in the Pricing tab. A link icon is displayed corresponding to the reference room type.
These KPIs are displayed in the Simulation column, when you modify the pricing data:
  • Room Nights OTB
  • Room Night Forecast
  • Room ADR Forecast
  • Room RevPAR Forecast
Note: You must specify the price in the optimized price range to view the KPIs.

If the Continuous Pricing option is selected on the Pricing tab and the Append ending to published prices on publish option is selected, you can view the price ending when you rest the pointer on the price.

You can automate the pricing strategy using the Automate option. When you select Automate, the RMS Price is populated in the Price Stepper field and a confirmation message is displayed. The message displays these options:
  • Cancel: Reverts the change made and the current price is displayed in the input field.
  • Publish: Publishes for the day. The day becomes automated and Automate is replaced by Automated.

You can use the Publish option to publish the strategy for the day.