Set maximum prices in RevControl per room type via Settings - Rates - Maximum rates to maintain an optimal price-quality ratio and avoid negative guest reviews.
In RevControl, you can set not only minimum prices but also maximum prices, either for the base type or per individual room type.
By default, maximum rates are disabled to encourage hoteliers and holiday park managers to optimize their rates. Often, they hesitate to charge more than a certain amount for a room or accommodation, potentially setting the maximum price below the actual value.
Setting a maximum rate can be useful to prevent guests from perceiving poor price-quality value above a certain price, which could lead to negative reviews. The tipping point at which guests become dissatisfied is often higher than expected. We encourage you to explore this tipping point before setting maximum prices. Contact us to activate this feature per room type.
Instructions for setting maximum prices:
- Activating the feature: Contact our Customer Success team to activate the ability to set maximum prices per room type.
- Entering maximum prices:
- Go to Settings - Rates - Maximum rates.
- Enter the desired maximum prices for the different room types.
- The modified cells will be highlighted in yellow.
- Confirming changes:
- Click the “Confirm all changes” button at the bottom left of the screen to save the changes.
- Use the “Copy down” and “Copy to end” options to quickly duplicate rows, if applicable.
Setting maximum prices can help maintain an optimal price-quality ratio and reduce the risk of negative reviews. By setting these limits wisely, you can optimize profits while maintaining guest satisfaction.
Contact Information for Support
For further assistance or questions, contact our Customer Success team via support@revcontrol.com or through the chat function in RevControl.