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This feature is currently in progress and will be released on January 29. Stay tuned! |
Rate Rules allow you to have more control over the rate recommendations. You can set up rules based on different conditions and periods, that align with your strategy. The rules will be added to the rate recommendations coming from the algorithm.
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What you will find here
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Example
If I set 2 rules and add them to the Hierarchical Rules block
20 to 30 DBA: If DBA is between 20 and 30 days from now then increase the rate by €4 for all categories
Weekend with low occupancy: If Occupancy is less than 50% for all categories and weekdays are Saturday and Sunday then decrease the rate by €5 for all categories
Then for a day like Saturday, 25 days from now with low occupancy for all categories, only the 20 to 30 DBA rule will be applied.
And for a day like Saturday, 40 days from now with low occupancy for all categories, only the Weekend with low occupancy rule will be applied.
Manage Page
The rate rules directly impact the rate recommendations displayed on the Manage page. To improve transparency and usability, new functionalities have been added.
CALCULATION TAB
Located on the right side of the Manage page alongside other tabs, the Calculation tab reveals how each rate recommendation is determined. This allows you to better understand the factors influencing pricing, including rate rules.
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INFO TIP
In the Manage calendar, hovering over a rate recommendation provides a quick summary of how it was calculated, offering insight into the key factors affecting the rate.
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RECOMMENDATION STATUS
The Manage page displays the status of rate recommendations, making it easy to track updates and know when they are complete.
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Rate recommendations are up-to-date.
Rate recommendations are being computed. This could take a few minutes.
Computation is complete. Refresh the page to apply the updates to the rate calendar.
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Want to help us to improve RateBoard? If you have any suggestions, let us know ↗
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