Yield management or dynamic pricing model

[UPR]

Hi John,
This may be useful for larger properties with multiple rooms/accommodations:

It may be nice to have the option to configure a percentage by which the base rate goes up once the property books up.
For example:
Property is booked below 50% capacity – normal rate applies
Property approaches 75% capacity booked – rate goes up by defined amount or percentage automatically.
Property approaches 100% booked with only one or two rooms left – rate will be at it’s highest to maximise revenue for the property.
If this can be automated, it is very powerful for owners who would use this feature, however I am not sure how much demand there is for it.

Cheers,
Sascha

[J. Davis]

Hi,

Thank you or your suggestion and explanation. Currently this request can be partially done by variable pricing by amount of adults/children and stay period.

best regards,
J. Davis

[Alfie White]

Hi there, J. David.

Just to follow on, are there any improvments planned for dynamic pricing similar to Air BNB?

I.e. base price which moves between a min and max price based on the level of demand for a property from the current date.

Such as if there’s unbooked stay in 2 weeks, the price adjusts to a min price from the base price to encourage booking. Similarly, if an accommodation is fully booked and has space in 5 months time the price is closer to the max?

[Mary Evans]

Hello Alfie,

Thank you for the question, however we are not sure we get it properly. Could you please clarify it more detailed? Thank you.

Best Regards,
M. Evans

[Cee]

Upvote this.

Just to clarify- if I have 10 rooms, after 5 rooms have been booked up, I want the functionality to automatically increase the price of the next 3 rooms by 10%, and if all 8 rooms have been booked, the price of the last two rooms go up by another 10%

[Andre Flores]

Hello Cee,

Thank you for your up-vote, it has been counted.

Regards,
Andre

[Author]

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