Magnetic Rate Plans for Hotels: Derive Rates by Room Type!Reading Time: < 1 minute
With rapidly changing travel demands, one of the most complex areas of hotel revenue management is to efficiently create different rate plans that will maximize revenue. Our dynamic Magnetic Rate Plans for Hotels feature empowers you to seamlessly derive rates by room type, and significantly reduces the time and manpower required for this process.
What makes our Magnetic Rate Plans for Hotels Feature unique?
Typically on other platforms, hoteliers can set rate plans with a fixed set of rules. What makes our Magnetic Rate Plans feature unique is that you can set derive rates for each room type. Furthermore, cancellations, restrictions, and guarantees are inherited from each room type. This means that the same rate plan can have different cancellation policies because these will be inherited from each of the room types.
Want to learn more about how our Magnetic Rate Plans feature works?
The video above already gave you an idea on how this feature works. If you have any further questions, don’t hesitate to contact our amazing Support Team!