Implemented
Dynamic Revenue Management
1 Comment
Hi George,
Great news! Stayntouch PMS now offers Rate Strategy as an add-on to the PMS. Rate Strategy will automatically update rate price or availability based on occupancy. Rate Strategy cannot be used in conjunction with any of the Revenue Management Systems (RMS) that integrate with Stayntouch PMS. This is meant to be a small RMS directly in Stayntouch PMS.
This functionality needs to be enabled by Stayntouch Admin, so please contact Customer Support if you are interested in using this functionality.
1 person likes this idea
Would like to set up a logic to have dynamic rate management. As we are seasonal, we need to capitalize on every incoming dollar. Was thiking to have the rates increase as occupancy increases: At 75% rates increase 5%, at 85% rates increase 5%, at 95% rates increase add 5%. If open 48hrs prior, drops to original price.
Please advise how we can set that up.