At FLYR, we are dedicated to equipping revenue managers with the tools they need to maximize revenue and optimize pricing strategies. With Pricing Multiple Rate Plans, you can dynamically adjust discounts for specific rate types—such as non-refundable, promotional, or long-stay rates—without affecting your base rate. This added flexibility allows for better demand stimulation, competitive positioning, and revenue optimization.
When should you use Pricing Multiple Rate Plans?
Many PMSs impose rigid discount structures, making it challenging to adjust the relationship between your base rate and derived rates—such as non-refundable pricing—dynamically. With FLYR, you now have the ability to:
Increase/Decrease your derived rates – Adjust discounts for specific stay dates based on market demand without changing the base rate.
Protect corporate and contracted rates – Ensure discount changes only affect targeted rate plans, preventing unnecessary reductions to your base rate or other rate plans derived from the base rate.
Increase flexibility – Modify non-refundable and promotional discounts for specific dates, rather than applying a fixed percentage across all future dates.
Example - During low-demand periods, properties often seek ways to boost performance. While reducing the base rate may seem like an easy solution, doing so also lowers corporate and contracted rates, even though these guests are typically less price-sensitive.
With Pricing Multiple Rate Plans, you can instead increase the non-refundable discount—for example, from 10% to 15%—for a specific period while keeping the base rate unchanged.
✅ The base rate remains stable, ensuring that dynamic corporate rates are not further discounted.
✅ Price-sensitive guests see a more attractive non-refundable rate, increasing conversions.
✅ The property drives additional bookings without compromising revenue from high-value segments.
Getting started
To take advantage of Pricing Multiple Rate Plans, follow these steps:
Configure the different rates you want to price via FLYR – Ensure all applicable rate plans are created and mapped correctly. Learn more here.
Configure dynamic discounts – Adjust non-refundable and promotional rate discounts based on demand for specific stay dates. Check out this article to learn how.
Monitor and optimize performance – Review how changes impact booking patterns and refine your strategy accordingly.
With Pricing Multiple Rate Plans, FLYR empowers you to fine-tune your pricing strategy, respond to market changes with agility, and unlock new revenue opportunities. 🚀