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A calendar is a familiar, tried-and-tested interface that is easy to visualise, especially when it comes to accommodation pricing. Its familiar view resembles the way we “see” time, which is no coincidence. From the beginning, it was obvious to us that the calendar would be one of the most important interfaces in the RoomRaiser dashboard. Developing and fine-tuning the intelligent dynamic pricing algorithm took our focus away from it for a while—but it is now available in RoomRaiser 2.0, which debuted in November!
The new feature is available under the “Price Calendar” menu item. We hope you enjoy using it!
And why is a calendar view useful for pricing?
Because the entire pricing process is about time. As mentioned, in everyday life the calendar is the most suitable layout for representing time. The RoomRaiser Price Calendar allows us to view our data together, access it easily, and change it effortlessly when necessary. It groups the data in the way we actually need it: by weeks and months, in a fast, easy-to-navigate format.
What else can the RoomRaiser Price Calendar do?
When we click the Price Calendar menu item, we arrive at the calendar view for the current month, where the first “active” day is always today. :)
By default, each day’s “box” shows:
- occupancy for that day,
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the base price for that day,
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the previous pricing calculation for the same day,
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the price suggested by RoomRaiser for that day, highlighted,
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and a button labelled “More”.
The current day on the calendar page of the RoomRaiser room-pricing software
The last of these opens a pop-up window with the following information for the selected day:
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number of rooms available for sale,
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number of rooms sold,
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number of rooms sold online.
Competitor monitoring and dynamic prices in one place
By scrolling down in the pop-up window, data about competing accommodation providers is also available:
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market minimum—the lowest price offered by our competitors for similar rooms,
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market maximum,
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their average price,
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and the room rates of specific competitors.
RoomRaiser therefore not only displays our own data in a clear format, but also enables competitor monitoring and price fine-tuning—all in a single interface.
And we can examine configurable rate levels in far greater detail!
Set prices up to 365 days in advance—simply
If we click anywhere on a day’s “tile”, we reach a page where we can review and change prices for the full capacity of every configured room type—up to 365 days in advance, with one week displayed at a time. Changes can also be published directly from this interface to the Channel Manager system we use, in a matter of seconds.
RoomRaiser Price Calendar
Additional practical pricing features
Further advanced tools are also available on this page:
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Bulk pricing—setting prices as a group for several days or a period at once.
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Price Lock—locking rates to prevent future algorithms from overwriting the specified amounts.
We will soon introduce these features separately, because they can contribute a great deal to automated pricing.
