How does FLYR treat Shared / Virtual Inventories?

A Shared Inventory is a virtual space in a property made up of other units that can also be sold independently. It could be a Junior Suite made up of two adjoining Superior Rooms, or a Private Family Room in a hybrid property that comprises of 4 beds that can also be offered separately.

Since Shared Inventories are in essence virtual rooms, including them in our reporting and pricing would lead to inconsistencies.

So in the case of a shared inventory we always price the spaces it includes.

Let's take the example of the Junior Suite above. If it is only available as a combination of two adjoining Superior Rooms it won't be visible in the Actions page. We will price the Superior Rooms and you can then set up the relation between the price of the superior and that of the Junior Suite directly in your PMS.

Currently, the below two PMS providers actually have the pricing setup of their virtual inventories managed in the PMS itself:

Mews

Apaleo

All others, we can manage for you to ensure that when we price ALL other physical inventories of yours, that at the same time, we adjust the price of any virtual inventories accordingly!

If you require us to setup some pricing rules for any of your virtual inventories, it is important to know how this works:

In Words: We can only set virtual inventory pricing based on one physical inventory. The deviation can be either as an absolute amount ($) or as a percentage (%)

In an Example: The 2 bedroom suite is made up of 2 double rooms that interconnect. Here you might simply want to provide the option to book as such, and price it as the Double room x2 (+100%)

When reaching out to us via the chat or to a dedicated Customer Success Manager, please try to have it as clear in your mind as possible, how exactly you wish to price this virtual inventory with the above in mind.

This is important to understand as virtual or shared inventories will NOT appear anywhere in the platform as they are not actually physical inventories coming through to us via the API from the PMS and are treated as somewhat separate to physical inventory when it comes the management of them.

This means you will NOT see your virtual inventories in the pricing optimisation calendar or in Insights.

From a reporting perspective, virtual inventory booking data will be split amongst the inventories that make it up so in the above example of the "2 bedroom suite" made up of 2 double rooms, the revenue data will be split amongst those two double rooms and appear in your inventory level data for the double rooms. No mention of the virtual inventory will appear in your inventory level reporting.