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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 on top of the rate recommendations coming from the algorithm.
How to use them - a short summary
Create rule consisting of defined
conditions and actions
Activate rule (as an accumulating or hierarchical rule
Recompute recommendations if you want to apply immediately
after activation rules are applied every night
Check applied rules and effect on manage page
What you will find here
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Create a new rule
To create a new rule, go to the Rate Rules page under in Settings.
On the Rate Rules page, click the “CREATE NEW RULE” button at the top right. Once the modal is open, you can set up a name, conditions, and actions.
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Select a condition
Set the required values
Click ADD CONDITION to save it to the rule. The condition will appear in the SUMMARY section.
Notes
Make sure the added conditions do not contradict each other, so the rule can be properly checked and applied.
Add multiple versions of the same conditions applied to different room categories if you only want to evaluate specific categories.
You can delete conditions that no longer makes sense to the rule.
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All the actions will be executed if all the conditions are met. Add as many actions as you need.
Click “ADD ACTION” to apply. The action will appear in the summary section of the creation page.
Activate and deactivate rules
Accumulating rules
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After rule creation, the rule appears in the “inactive rules” section of the page and is not yet applied. To activate them, you have to move them either to the “accumulating rules” section, or the “hierarchical rules” section. They differ in the way of rule appliance.
Accumulating rules
All rules in this section are active and will be executed if the conditions are met.
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We'll go through each of the rules in this section checking for the conditions, if all the conditions of a rule are met, the actions of the evaluated rule will be executed , if on the affected days. If not all the conditions are met, the app will move on to the next rule and do the same process until it gets to the last onethis rule is not applied.
There is no hierarchical order, all rules are check and applied/not applied.
Example
If I set 2 rules and add them to the Accumulating Rules block
Rule A: Weekday, 10 to 30 DBA: If weekdays are Monday, Tuesday, Wednesday, Thursday, and Friday, and the DBA is between 10 and 30 days from now then decrease the rate by €6 for all categories
Rule B: Low occupancy: If Occupancy is less than 50% for all categories then decrease the rate by €5 for all categories
Then, for a weekday like Tuesday, 20 days from now with low occupancy for all categories, both rules would will be applied and 11€ (5€ + 6€) will be added to the rate on.
Hierarchical rules
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All rules in this section are active, they are evaluated in a hierarchical order for each day, as every single day. As soon as a rule meets all the conditions and is applied, all lower-ranked rules are terminated. If no rules meet the conditions, no rule will be applied to that day.
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Example from the screenshot above
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.
Recompute recommendations
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.
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