Rate Buckets in RevControl help you manage rates with high commissions or cheaper rate codes. Set rules for automatic opening or closing based on occupancy percentages and easily manage them via the Rate Buckets Calendar.
What are Rate Buckets?
Rate Buckets in RevControl provide a convenient way to manage rates that you prefer to close first, such as high commission rate codes or specific promotional rates and packages. Rate Buckets are currently available for Bookzo, Camping.care, Cubilis, Guestline, IDPMS, Mews, Opera Cloud, protel (Air/OnPremise), Sihot, Siteminder, and VIPS Cloud. Mews and Guestline offer additional options for combining rate plans with room types.
Setting up Rate Buckets
- Creating Buckets:
-
Go to Settings > Rate Buckets > Buckets.
-
Name the bucket (e.g., Promotions) and select the rates that belong to this bucket.
-
These rates must first be added via Settings > Mapping > Rate Plans. In some PMSs, these can be automatically imported, while in others they must be added manually.
-
-
-
Setting Business Rules:
-
Go to Settings > Rate Buckets > Bucket Rules.
-
Set whether the bucket is open or closed by default.
-
Then, specify an occupancy percentage (based on Business on the Books or Forecast) at which the bucket will automatically open or close.
-
Managing Rate Buckets
Rate Buckets Calendar:
-
You can manage the status of your buckets via Rates > Calendar > Buckets. Here, you can see which buckets are open (green) or closed (red) for each day.
-
Buckets that have not yet been saved are shown with a gray toggle. When the bucket deviates from the business rules, the bucket’s name will be shown in red or green.
-
You can manually open or close the bucket and apply RevControl’s recommendations by clicking Apply Recommendations. To save the changes and send them to your PMS or channel manager, click Confirm All Changes.
AutoPublish for Rate Buckets
AutoPublish for Rate Buckets:
-
Go to Settings > Rate Buckets > Auto Publish to configure AutoPublish.
-
AutoPublish can be set to fully manual, fully automatic for 365 days, or hybrid. In the hybrid setting, you manually manage the most dynamic period (e.g., the next 14 days), and the system takes over from day 15.
