What does the notification "Missing business rules" mean?
The “Missing Business Rules” notification alerts you to missing rate configurations. Ensure that minimum prices, group rates, occupancy supplements, and maximum prices are set for at least 13 months ahead to receive accurate recommendations.
The “Missing Business Rules” notification in RevControl indicates that specific configurations necessary for accurately calculating rate recommendations are missing. RevControl typically calculates recommended rates for 365 days into the future. If fewer than 13 full calendar months of business rules are set, the system issues a warning so you can take timely action.
Below are the four possible notifications explained:
Missing Minimum Rates Business Rules
This notification appears when minimum prices are not set for certain periods or room types. Minimum prices are crucial to prevent rates from dropping below a certain level, which could negatively impact your revenue.
Solution:
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Navigate to Settings > Rates > Minimum Rates.
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Set the minimum prices for at least 13 months into the future and save the changes.
Missing Minimum Group Rates Business Rules
This notification indicates that minimum rates for group reservations are missing. This could result in group rates being calculated too low, which may be unfavorable for your revenue from larger bookings.
Solution:
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Go to Settings > Group Rates > Minimum Group Rates.
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Enter the missing minimum group rates for at least 13 months into the future.
Missing Occupancy Supplements Business Rules
This notification means that occupancy supplements are not set. Occupancy supplements automatically increase rates when the forecast reaches a certain occupancy threshold, allowing you to capitalize on rising demand.
Solution:
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Navigate to Settings > Rates > Occupancy Supplements.
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Set the supplements for each occupancy threshold and ensure that at least 13 months into the future are configured.
Missing Maximum Rates Business Rules
This notification appears when maximum prices are not set. Maximum prices protect you from rates becoming too high, which could harm guest expectations and reduce conversions.
Solution:
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Go to Settings > Rates > Maximum Rates.
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Enter the maximum rates for at least 13 months into the future.
Tip: The easiest way to navigate directly to the appropriate settings is by clicking on the notification. This will take you directly to the correct page.