Why update multiple prices at once?
At FLYR Hospitality, we're all about dynamic pricing and automation. However, sometimes you might know something that the system doesn't, so we wanted to give you an option to take the wheel for a moment and be able to make changes across multiple accommodation types and nights of stay at once. Enter the New Price Adjustment.
When to use the New Price Adjustment?
We recommend using this when you wish to change the starting price of multiple nights and inventories. A great example would be the starting price for:
If you are making a significant change in pricing strategy;
The first weeks of a new property opening;
A one-off event coming up in several months;
Nights outside the 365-day optimisation window that you have not set a starting price for via your PMS.
Rest assured that any instances, such as a one-off event, which drive your demand up in any unusual way will be optimised for. The purpose of the New Price Adjustment function is just to give you a way to make mass changes where you see fit.
How it works
Navigate to the New Price Adjustment button via the Actions button on the upper right hand side next to the Property drop down field.
Alternatively, select the desired period and inventories in the table and use the New Price Adjustment button from the footer to pre-fill your date selection.
Next, select the dates that you wish to make the update for, the days of the week that the changes will apply to within this period, as well as the relevant inventory types. You can add non-consecutive date periods using the Add Date Range button.
Toggle on Different price per DoW if you want to define different prices for your higher demand days.
Decide if you want to make the adjustment for a fixed price or want to apply a deviation to your current price; you can add or subtract either a percentage or amount from your current price to for example increase prices by $10.
You can add the updated starting price in the New Price/Deviation column.
Don't forget to hit the Adjust Prices button to save your changes.
This is how easy it is to update your prices 🚀 These adjustments are considered manual influences, you can revert to AI Pricing at any time to leverage automated control. Learn more in this article.
Note - if you update prices using a percentage adjustment (e.g., increasing prices by 10%), FLYR will apply your inventory rounding configuration to ensure the updated prices align with your desired rounding preferences.
NB: Making a New Price Adjustment will always override any active Price Freezes.
To avoid any issues, either exclude any nights with a price freeze from the New Price Adjustment, or once done, double-check the pricing for those dates to make sure the price is correct.
As always, reach out to the team in case you have any questions.