| Panel | ||||||
|---|---|---|---|---|---|---|
| ||||||
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 on top of the rate recommendations coming from the algorithm.
...
What you will find here
| Table of Contents |
|---|
...
Not what you were looking for? Search more topics
| Live Search | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
...
Example from the screenshot above
3 hierarchical rules are set up in defined order
1° | Occupancy >95% and DBA 0-7 then increase rate by 15€
2° | Occupancy >80% and DBA 0-7 then increase rate by 10€
3° | Occupancy >60% and DBA 0-7 then increase rate by 5€
RateBoard is now checking the upcoming days for the rules in hierarchical order
for DBA 1 Occupancy is 83%
1° is not applied >> rule 2° is checked
2° is applied >> 10€ are added >> rule 3° is terminated
for DBA 2 Occupancy is 50%
1° is not applied >> rule 2° is checked
2° is not applied >> rule 3° is checked
3° is not applied >> no rule is applied
for DBA 3 Occupancy is 100%
1° is applied >> 15€ are added >> rule 2° AND 3° are terminated
this will be repeated for all days…
Recompute recommendations
If you have set up new rules and you want them to apply immediately, you need to recompute rates. This can take a view minutes. The “recommendation status” on the manage page will let you know if computation is already done.
...
Without manual recomputing, active rates will apply every night from now on.
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.
...
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. All applied rules are summed up in “Rules”.
...
RECOMMENDATION STATUS
The Manage page displays the status of rate recommendations, making it easy to track updates and know when they are complete.
...
Rate recommendations are being computed. This could take a few minutes.
Computation is complete. ‼️ Action required ‼️ Refresh the page to apply the updates to the rate calendar.
...
Want to help us to improve RateBoard? If you have any suggestions, let us know ↗
...