How do revenue managers set up and manage the length of stay, weekend settings, and gap rules? Rented's Sr. Revenue Manager Valerie Clagett reviews these terms and what they actually mean. A strong revenue management strategy includes an understanding of how to maximize your occupancy and utilize these rules to increase revenue.
In this Four Minute Revenue Manager you will learn:
- Set rules for listings for minimum length of stay and how to evaluate that based on your market
- Create rules for weekends, what days are included, and how to manage this
- Understand how gap rules can help with expiring inventory or orphaned dates
- How easy it is to review and manage LOS and Gap rules using Art!