Rate Plan Variances can be set up within Rezlynx however these do not feed online, so Price Variances can be set within Distribution Hub for online price variances.
Price variance rules are set by channel and adjust the online price of a package either by a set amount or percentage, depending on either the occupancy percentage of the hotel or an inventory count, days of the week and lead days.
Multiple price variances can be created providing threshold type and lead days do not overlap, this means that Distribution Hub can automatically adjust the price of a package according to the rules you set.
Create a price variance
To create a price variance, follow the steps below:
Navigate to Price Variances, in either of the ways outlined below:
In Rezlynx PMS select Distribution Hub, then under Rates select Price Variances.
In Distribution Hub select Configuration, then under Rates select Price Variances.
Click Add.
Select the Property from the drop-down menu.
Select the Channel and Rate plan - using the right arrow to move this to the "selected" box.
📌Note: Only rate plans that are shared between all of the select channels will appear for selection.
Click Add.
Enter a Description for the price variance - this is for hotel use only for ease of reference.
Select the Threshold Type and enter the relevant values into the From and To fields:
Inventory Count - number of rooms sold.
Percentage - occupancy percentage.
Enter the Value per Room Type or amount that the price should be flexed by. The value can be a monetary amount or tick the box for a percentage value. In addition, the value can be positive or negative.
For example: 10.00 this value would increase the price of the rate by £10.00
- 10.00 this value would decrease the price of the rate by £10.00 (minus sign added).
- 10.00% this value would increase the price of the rate by 10 percent (% must be ticked).
- 10.00% this value would decrease the price of the rate by 10 percent (minus sign and % must be ticked).
Enter the number of days into the future that the rule should be applied to, in the Days From and Days To fields.
🤓Tip: Day 0 is today, day 1 is tomorrow.
Select the Days of the Week that the rule is to apply to. This feature is useful for example when you already heavily discount your Sunday night prices and do not wish to apply the discount, so simply leave Sunday unticked.
Once all information has been entered, click Save.
Activate price variances on flex rates
If your rate plan has flex rates applied within Rezlynx then you must also complete the following should you wish this price variance also to apply to those flex rates, if you do not then simply leave this section out.
To activate price variances on flex rates, follow the steps below:
Navigate to Closure by Rates, in either of the ways outlined below:
In Rezlynx PMS select Distribution Hub, then under Rates select Manage Rates.
In Distribution Hub select Configuration, then under Rates select Manage Rates.
Locate the rate plan, and select Edit.
Tick "PMS exception prices adjusted by Price Variance" only and click Save.
Edit or delete price variance
The price variances page displays all the price variances already created. The existing ‘price variance’ rule can be filtered by channel and threshold type.
To filter the ‘price variance’ rules by channel, select the relevant channel for the ‘Channel’ drop-down list (all channels are displayed by default).
To filter the ‘price variance’ rules by threshold type, select the relevant threshold type from the ‘Threshold Type’ drop-down list (all types are displayed by default).
To edit, or delete a price variance, follow the steps below:
Navigate to Price Variances, in either of the ways outlined below:
In Rezlynx PMS select Distribution Hub, then under Rates select Price Variances.
In Distribution Hub select Configuration, then under Rates select Price Variances.
Click Edit / Delete.
In the example above:
When the hotel has an occupancy level of between 0-20%, the price of rate ‘RETURN15 is reduced by £15.00.
When the hotel’s occupancy is between 80-100%. the price of rate ‘RETURN15 is increased by £10.00.