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STAAH Blog

  • Home
  • MANAGEMENT
    • The Role of a Hotel Revenue Manager:…

      Why Every Hotel Needs a Channel Manager…

      Program Konsorsium Hotel: Bagaimana, Mengapa & Berapa…

      โปรแกรม Hotel Consortia: อย่างไร ทําไม และค่าใช้จ่ายเท่าไหร่?

      ตัวจัดการช่องทาง Channel Manager คืออะไร และทำไมผู้ให้บริการที่พักจึงจำเป็นต้องมี?

  • Marketing
    • Smart Hotel Distribution: What Every Hotelier Needs…

      The Ultimate Guide to Turning Negative Reviews…

      6 Social Media Trends Hoteliers Must Leverage…

      ไอเดียโพสต์โซเชียลมีเดียที่กําลังมาแรงสําหรับโรงแรมในปี 2025

      Xu Hướng Nội Dung Mạng Xã Hội…

  • Tips & Trends
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  • News
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      STAAH Revolutionizes Black Rock Hotels’ Online Booking…

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      Connect with Expedia – Expand Your Reach…

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THOUGHTFUL THURSDAY: Automate Pricing Strategy with STAAH Max Revenue Management feature

10 November 2021
Rev mang feature staah

An efficient automated pricing feature increases revenue by capitalizing on the ever-changing market demand and implementing the optimal price point at all times.


Benefits of Revenue Management feature

Directb booking

Increase efficiency

room rev

Automate Pricing

rev icon

Maximize profits


 

How to use the Revenue Management feature in STAAH Max?

Two ways to use the revenue management feature

  1. Dynamic Rate – Room Type level
  2. Dynamic Rate – Property level

1) Dynamic Rate – Room Type level

https://blog.staah.com/wp-content/uploads/2021/11/Dynamic-Pricing-Room-Type-STAAH-Blog.mp4

Dynamic Rate can be set up for individual room types based on seasons (High, Low, Peak, etc.).

These rates are updated automatically to the Booking engine and OTAs as per the Dynamic rules set-up.

Step 1 – Set up Season – Select dates > Select Season > Save
Step 2 – Set up Dynamic Rates > Select Season for Room > Enter From and To > Enter rate for this room slab > Save > Sync
Step 3 – Set up Rate Mode – Select Dynamic > Select Rooms from drop-down > Enter Date Range > Save

2) Revenue Control – Property Level

https://blog.staah.com/wp-content/uploads/2021/11/STAAH-Revenue-Control-Property-level.mp4

Dynamic Rate can be set up based on the total occupancy of the property.

Depending on the occupancy of the property, rates are updated to the Booking engine and OTAs as per the Dynamic rate setup.

Step 1 – Set up Master room 
Step 2 – Set up Seasons
Step 3 – Set up Pricing (Default, Peak, High, Shoulder, Low)
Step 4 – Set up Formula
Step 5 – Confirm Pricing > Finish & Submit
Step 6 – Select Rate Mode > Dynamic > Room Type > Date Range > Save

To find out more on the Revenue management feature click here

In case you missed tips on STAAH Thoughtful Thursday read here

THOUGHTFUL THURSDAY: Automate Pricing Strategy with STAAH Max Revenue Management feature was last modified: March 3rd, 2023 by Nashi Dasgupta

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