The Minimum Group Rates feature in RevControl allows you to define a price floor for group bookings. You can adjust rates by day and easily manage them through copy options, ensuring you maintain a consistent pricing strategy at all times.
The Minimum Group Rates feature in RevControl allows you to set a price floor specifically for group bookings. This helps ensure consistent pricing strategies for larger groups.
Where to find Minimum Group Rates?
You can find this feature via Settings > Group Rates > Minimum Group Rates.
How to set Minimum Group Rates?
- Step 1: Select the month for which you want to set a minimum rate.
- Step 2: Enter the minimum group rates for each day of the week. This gives you the flexibility to adjust rates based on expected demand for each day.
- Step 3: Use the copy options on the right side (such as Copy Down or Copy to End) to quickly apply rates to other days or months.
- Step 4: Click Confirm all changes to save and activate your changes.
Flexibility and Adjustments
- You can enter specific rates for each day of the week, allowing you to differentiate between, for example, weekend and weekday pricing.
- The copy options make it easy to apply settings across longer periods efficiently.
Tip: It’s recommended to periodically review and adjust rates based on market conditions, trends, and competition.