Setting Min and Max Rates
A revenue managers take on rate settings
Setting the minimum and maximum rates for each listing is the foundation of pricing, but also revenue management. 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:
- Evaluate and set the min and max rates for listings based on market comparisons and historical knowledge
- How easy it is to review and manage min and max rates using Art!