As a property owner or manager, you’d ideally want to understand, anticipate and influence your guests’ behaviors in order to maximize revenue and profits.
Say it’s the school holidays, and you anticipate an influx of guests — obviously, you’d be missing out on extra revenue if your prices aren’t adjusted to reflect increasing demand.
The increase or reduction in the price of products and services helps companies like yours determine future demand with higher accuracy. Hence, this process allows for better production and sales planning.
Traditionally, this practice is done manually by updating pricing on websites or platforms.
However, with Booking Ninjas, our Room Rate Controller (RRC) works intelligently to capture data from various sources in order to determine the best room rates!