The right price – at the right time!

The concept of revenue management is easy to understand, but still causes a lot of confusion with lodging managers and consumers.

The right price for a specific unit depends on two things: supply & demand and how soon it will perish (i.e. how close to the specific day you are defining a rate for). If demand is high and likely to go up, a higher rate is warranted. If demand is low and the last day it can be sold quickly is approaching, a lower price is probably needed to fill the units.

With Bookt, this information is always at your fingertips and you are empowered to make all the necessary rate decisions.

Powerful and Easy Rate Management

Using our tools gives you easy access to manipulate rates in real time on both your direct and indirect channels.

• Unique Daily Rates (go beyond season based pricing)
• Easy Bulk updates based on rules
• Multiple Rate Plans
• Color Coding for easier overview
• Availability and Rates side by side for intelligent rate decisions

Booking Rules and Length of Stay Restrictions

The goal with effective revenue management is increased RevPAR or RevPAU (Revenue Per Available Room / Unit). While raising the price is obviously one variable, there are many other ways you can also increase your revenue. For example, during high demand periods, enforce longer stays or higher deposits.

With the Bookt platform you can manage the following rate rules:

• Down payment/deposit rules
• Minimum length of stay rules
• Cancellation rules
• Turn day rules (which day of the week you allow check-in on)

All rules can be combined and applied to specific units to maximize revenue when your lodging company experiences the highest demand.

Specials and Packages

Sometimes you must discount your rates or make special offers to fill your room. Our dynamic specials engine allows you to set up and promote discounts/offers in minutes. If they no longer are needed, you simply deactivate them. Read more about our specials engine here

What does everyone else charge?

We offer services that can give current information about how much your competitors charge through various channels. Contact one of our lodging consultants for more information and pricing.