Pricing management screen
The pricing management screen allows you to view the system's current prices being distributed to your CRS and/or PMS depending on your integrations for onward distribution. You can view occupancy data, occupancy forecasts, actual prices, competitor prices, pick-up trends, and segment prices for seven days at a time.
To learn more about the pricing management strategy view this video:
📌Note: When you override the base rate, the system then ignores Rate Setup tab settings and dynamic pricing configurations until the override is removed.
View pricing data
To view pricing data follow the steps below:
On the left navigation under the header strategy, click Pricing Management.
To view pricing data for a date, click Date and select the date on the calendar.
Click Search.
To navigate between dates click the orange arrow
buttons to move forward or back through date ranges.
The overview screen displays the following for each day:
Current and forecast occupancy.
Actual prices.
Competitor prices.
Evolution which is pick-up trends over time.
Segment pricing.
Updating pricing manually
In the below steps you will learn how to override the base rate:
On the left navigation under the header strategy, click Pricing Management.
Navigate to the date you want to modify, click Date and select the date on the calendar.
Navigate to the segment you want to change.
In the override section enter the new base rate amount in the box provided.
Repeat for additional dates if required.
Select the checkbox each date to confirm the send to the PMS and/or CRS
Click Update.
Send rates by date range
If you need to update multiple sequential dates or more dates than shown on screen follow the steps below:
On the left navigation under the header strategy, click Pricing Management.
Click Multi-update button in the upper right of the screen.
Select the date range you want trigger the rate updates for.
Enter your segment.
Click Send prices and the pricing will be sent to the CRS and/or PMS
Price limit safeguards
The RMS includes upper and lower price limits at the top of the screen to prevent pricing errors when entering manual overrides.
The below will outline in detail about the pricing safeguards and error prevention alerts:
Price limits provide security when making manual adjustments by:
Preventing prices that are too high and may block bookings.
Stopping prices that are too low and could erode profits.
Adding confidence for revenue managers making pricing changes.
Error prevention alerts will alert you when you enter a price outside the set limits:
The affected cell highlights in red
A pop-up notification appears with:
Details of the error
The established price limits
