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A "Rate Paid" calendar

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8 Votes Status: Requested
Replies: 2 - Pages: 1 - Last Reply: Jun 17, 2021 4:38 PM by: PacViewLodging
Bruce I
Registered: 4/26/17
A "Rate Paid" calendar

Because I use some automated pricing, plus manually tweak my prices as well, I don't keep track of what price a place was actually booked at. It would be a great resource to be able to go back into history and see what the final booked price was for each night. I see it similar to the Rate Calendar tool, only historical.

PacViewLodging
Registered: 9/3/19
Re: A "Rate Paid" calendar

I like this idea as well. Booking data is rolled up to the rent total and I havent found an easy way to get what the guest paid for each night. Since we charge higher rates on the weekends it would be great to see each of the days in the booking and what was actually paid for those days.

Our revenue management tool is going to adjust rates and when doing a comparative analysis of this year this day compared to last year this day will give an indication if perhaps there is more going on in the market than was anticipated, etc...

One other thought is handling of the channel fees, discounts, and surcharges... The daily rate on a multi day booking is adjusted by these amounts and there should be some way to toggle whether to use them or not in calculations for the daily actuals. I might suggest using percent of total. 300.00 booking for 2 days with 1 day being 200 and one day being 100 would have a discount of 52.50 being allocated as 2/3 to the first day and 1/3 to the second day or an actual rate of 165 for the first day and 82.50 for the second.

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