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Adding a New Inventory Type
Adding a New Inventory Type
Michael Gimingham avatar
Written by Michael Gimingham
Updated over a week ago

Throughout the lifespan of your property, we understand that your inventories and general configuration might shift and change over time. Fortunately, Pace easily accommodates these changes and there are just a few simple steps to follow through with in Pace once these changes have been made in the PMS.

  1. Attach Base Rate Plan

  2. Grouping if inventory units are >5 units

  3. Apply Min/Max Price Controls

Attaching a Base Rate Plan is the first step to the platform and pricing engine recognising this new inventory type which you will see appear automatically in your Inventory Settings

(Please don't hesitate to reach out to our awesome Customer Success Team through the chat to assist with this step if need be 🙌 )

Ultimately, this new inventory type may need to be Grouped by way of the these steps if there are less than 5 units.

Finally, you simply need to update your price settings with the min/max rates for this new inventory type.

Once these steps are complete, you are all set to start receiving recommendations for your new inventory type and on your way to maximising revenues for this new opportunity!

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