Once you have created your Product/s you will need to define a price or range of prices/rates for each. There are a number of options for defining and maintaining your prices. Click on the relevant link for specific information on each option.
The Daily Rate Manager (or DRM) is your primary tool for defining, changing, updating and extending your prices for each Product. If you want to keep things really simple, you can just enter rates here to set and forget. Or you can use the DRM to constantly review and change your prices depending on demand and occupancy. Use the Daily Rate Manager to do the following:
Define a Daily Rate for your Products along with a corresponding Minimum Duration rule.
Quickly load bulk rates quickly for one or more Date Ranges using the Rate Loader Tool within the Daily Rate Manager screen.
Quickly change a price for a specific date or for an entire Date Range.
Extend your rates.
If you only ever use simple nightly prices for your Accommodation Products, you can simply use only the Daily Rate Manager to load your Daily Rates. However, you may also define a number of Special Offers which can be used instead of your Daily Rate OR in conjunction with your Daily Rate.
By creating a Special Offer associated with a particular Product, you can create a completely separate and unique price for a special promotional period, event, or offer.
When frontdesk searches for a price to apply to an available Product, it first checks to see if any matching Special Offers are available. If not, it will default to the prices entered in the Daily Rate Manager.
Using a Special Offer, you can define the following parameters:
a specific price for a set number of nights
a price for additional nights
how many, if any, additional nights can be booked at the special price
what days of the week the offer is available for check-in
days of the year the offer is available for check-in (date of stay)
days of the year the offer is NOT available
days of the year the offer can and cannot be accessed (transacted)
In addition to defining Daily Rates and Special Offers, you may use the following tools to manage your prices:
In order to define or change a price for a Tour, Event or Attraction Product, you will need to create or edit the Seasonal Schedule that is part of the Product Setup. For detail, please go to Product Setup - Tours/Accommodation/Events.