- This topic has 3 replies, 4 voices, and was last updated 2 years ago by Mary Evans.
- August 12, 2019 at 8:15 am #839234UPRParticipant
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.
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.
SaschaSeptember 2, 2019 at 4:14 pm #848524J. DavisKeymaster
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.
J. DavisSeptember 7, 2019 at 2:42 pm #850909Alfie WhiteParticipant
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?September 24, 2019 at 1:02 pm #860448Mary EvansParticipant
Thank you for the question, however we are not sure we get it properly. Could you please clarify it more detailed? Thank you.
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