For any future night an inventory type Pace allows you to configure strategic controls that influence how high or low Pace will price when running on automation. This will not only ensure that Pace's recommendations always consider your overarching strategic pricing strategy - but also to push you to your desired price level in case you made a manual pricing mistake.
What type of Price Controls exist
In Pace we have three different types of price controls that can be created:
Default Price Settings
Specify the min & max price for each of your inventory type for each day of the week (e.g. specify different min/max prices for a Tuesday vs a Friday).
Seasonal Price Settings
Create an additional set of seasonal price settings to configure the seasonal component of your yearly pricing strategy.
Event Price Settings
In case you are aware of events, you can create event-specific price settings which help you to keep track of event days and give Pace additional insights how you want to price events.
How to create new Price Settings
Navigate to the Actions Page
Select the little ⚙️ icon in the top right corner
Navigate to Price Controls
Click on New in the bottom right corner and choose your setting type, a title, the date range and the min & max prices
Tips & Tricks
To create a new seasonal or event price setting, you can simply click on the timeline and drag across the relevant dates
You can easily switch the type of a setting from Event to Season (or the other way around) by clicking on the respective setting, changing the type and clicking Save
If you have multiple days of the week in a setting which should be the same, make use of the copy & paste buttons to quickly populate the relevant fields.
For events which repeat on annual basis you can replicate existing settings. To do so, open the existing Setting and use the duplicate button.