FLYR Hospitality supports reporting across multiple currencies, allowing you to analyse a single property, a group of properties, or your full portfolio on a consistent basis.
Currency conversion is managed through one of two methods: Daily Dynamic Exchange Rates or Fixed Exchange Rates. The method selected for your group applies across reporting in the platform.
Important: FLYR Hospitality supports multiple reporting currencies, but your pricing and reporting currencies must match in your PMS. If you report in one currency but sell in another, adjust your PMS setup before using the platform.
Choosing a currency for reporting
Use the currency selector to convert the selected property or properties into a common currency.
Group Default Currency converts the selected property or properties into your group's configured reporting currency. This provides a consistent basis for comparing performance across properties.
The other options depend on the exchange-rate method configured for your group.
With Daily Dynamic Exchange Rates
The selector includes commonly used local currencies from your portfolio together with these default conversion options:
Group Default Currency
EUR
GBP
USD
If you need to convert a property, group of properties, or your portfolio into another currency, contact us through the help chat. We can work with you to add the conversion currency you need.
With Fixed Exchange Rates
The selector includes Group Default Currency and relevant, commonly used conversion currencies available through your configured Fixed Exchange Rates.
A currency configured for a property's local reporting does not necessarily appear as a separate conversion option. If you need another currency for reporting across a property, region, or portfolio, contact us through the help chat.
Using Insights? Insights also includes Property Local Currency, which preserves the PMS-defined local currency for each property. This is an Insights-specific display option, not a platform-wide conversion currency.
Daily Dynamic Exchange Rates
FLYR sources Daily Dynamic Exchange Rates from a third-party provider that aggregates rates from reputable financial institutions and banks, including the European Central Bank.
Rates are extracted and stored once a day at approximately 05:00 UTC+1. Allow approximately one additional hour for the update to appear across the platform.
How rates are applied
Initial booking: When a reservation is made, FLYR applies the exchange rate from that update date.
Reservation update: If the reservation is modified later, the revenue is recalculated using the exchange rate from the new update date.
Revenue calculations can therefore change during a booking's history as the booking is updated.
Ideal for
Reporting that reflects current market exchange rates
Markets where currency fluctuations have a meaningful impact
Properties and groups that prefer automatically maintained rates
Fixed Exchange Rates
Fixed Exchange Rates provide consistency and transparency for organisations that use predefined rates for internal reporting. Admin users enter and maintain these rates in Configuration.
How rates are applied
Fixed rates are applied according to the stay dates of a reservation. They remain constant for the applicable dates unless an admin changes the configured rate.
This keeps revenue values consistent throughout a booking's history while the applicable fixed rates remain unchanged.
Ideal for
Multinational hotel groups requiring standardised reporting
Revenue managers and analysts who need stable comparisons
Corporate teams aligned to internal financial rates
Comparison
Aspect | Daily Dynamic Exchange Rates | Fixed Exchange Rates |
Source | Provided by FLYR using third-party financial data | Entered and maintained by an admin user |
Application | Based on the reservation's latest update date | Based on reservation stay dates |
Best suited to | Reporting that follows current market rates | Stable reporting using predefined rates |