Creating “seasonal rates” is an important building block in the price management of your meeting room. You have the option to set the price for each season depending on the level of demand.
First the base rate—then the seasonal adjustments
I) In the Inventory & Rates > Meeting Rooms section you configure your meeting rooms and enter the room rate that you want to obtain.
II) In the Inventar & Raten > Seasonal Rates section, you then record the specific seasons or times of high demand that you would like to offer more expensively or cheaply.
Specifying seasonal adjustments
To create one or more seasonal adjustment, navigate to the Inventory & Rates > Seasonal Rates section.
Click on "Add seasonal adjustment", specify a name for the adjustment and select the period of time to which the adjustment should apply from the date menu.
You can raise or lower the prices that you have previously set for room rates, minimum turnover, meeting packages or room nights either as a percentage or as a fixed currency amount. To do this, select the corresponding operation (orange button at the end of each line) and enter the desired value.
You are able to create as many seasonal adjustments as you like. To do this, simply click the “Add seasonal adjustment” button again.
Important for price differentiation
- As the name suggests, seasonal adjustments influence the price according to calendar values (e. g. "18 August - 27 November"). If you want to differentiate prices according to weekdays, you should do this when entering the base price in the meeting room section.
- The price adjustments created will affect all defined prices. If you have created a weekday adjustment, this is also affected by the set seasonal adjustment.
- The seasonal adjustment menu allows you to decide whether you want to offer all prices at a lower or higher price (for both room rental and meeting packages) or, where applicable, only the packages.
Advice: The most important setting is the required minimum turnover. If this is higher than the planned savings for the summer time, seasonal prices have no effect.
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