The Market Rates panel on the Optimization table surfaces your competitors' rates alongside your own, for the same dates you are pricing, so you do not need to leave the table to check your market position.
Note: This panel is only available for properties with market rates enabled. If you do not see it, see How do I connect my Lighthouse data? to get your property connected.
This article covers:
How the Selling Rate is determined
How the other filters apply
Table view and chart view
The price positioning chart
How stale competitor rates are shown
Choosing and ordering your competitors
Note: The redesigned Optimization screen which includes the Market Rates is currently available to pilot properties. If you would like your property included, please reach out to our Advisory team.
How the Selling Rate is determined
The Selling Rate is your own rate, calculated according to whichever inventory filter is applied:
No inventory filter (default) - the Selling Rate reflects your lowest priced inventory across the whole property.
A specific room filtered - the Selling Rate reflects the lowest priced inventory mapped to that inventory.
Note: This differs from Quick View, where a default room type filter can be configured for each inventory. In the Optimization table, the starting point is always Any Room unless you filter to a specific room.
How the other filters apply
Beyond the inventory filter, the panel uses your configured default Market Rates filters for rate type, meal type, channel, guest count and length of stay (LoS). These are the same defaults you set for the property under Settings > Market Rates. See How to configure default filters for your Market Rates if you have not set these up yet.
If a filter is set to Any, FLYR returns the lowest rate available for that filter value, consistent with how Any behaves elsewhere in Market Rates.
Example: Any Channel returns the lowest rate across all channels. If a competitor is priced at $120 on Booking.com and $110 on their Direct channel, Any Channel returns $110.
Table view and chart view
Use the buttons at the top of the panel to switch between:
Table view - your Selling Rate, Shopped Rate, and each enabled competitor, per date, with the price positioning chart shown above the table (see below).
Chart view - the same data plotted over time. Filters (room type, rate type, meal type, channel, guest count and LoS) are set from this view and apply to both views.
Price positioning chart (table view)
In table view, a compact chart sits above the table showing where your rates fall relative to your competitors:
Competitor bandwidth - the highest and lowest of each competitor's lowest rate, for the dates shown and applied filters.
Your Selling Rate and Shopped Rate - plotted against that bandwidth, so you can see at a glance whether you are priced above, within, or below your comp set.
Stale competitor rates
If a competitor's rate was not refreshed in today's feed(s), FLYR still shows the last rate it received, with a visual cue:
Table view - the rate appears in lighter gray font with an asterisk (*).
Chart view - the tooltip shows an asterisk (*) for the stale rate.
Example: On April 1, the feed is received for every competitor except Hotel 1, whose last shopped rate of $120 was received on March 30. Hotel 1 displays $120 with a stale rate indicator.
If a competitor has not returned a rate in the last 14 days, no rate is displayed for that competitor. In chart view, an X marker appears on the last day with a rate and on the first day rates resume, and the line between them is shown in a lighter shade.
Hover over any rate to see the full detail behind it: price, room type, rate type, meal plan, channel, LoS, and guest count.
Choosing and ordering your competitors
Which competitors appear, and in what order, is managed from Display Options:
Open Display Options from the top-right of the table header.
Under
Data Sets, enable or disable yourSelling Rate,Shopped Rate, and each competitor individually.Under
Table Order, drag competitors into the order you want them to appear, for example placing your closest competitor first.Select
Saveto apply your changes.
See Optimization - Customize Your View for the full Display Options walkthrough.
Have questions or run into something unexpected? Reach out anytime via the in-app chat, we are happy to help.