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For Booking.com customers only. Your property must hav= e an active account on Booking.com to use these tools.
BookingCenter developed and supported a 2-way interface to RateMan= ager, but Booking.com stopped supporting the product in 2019, and= will no longer accept customers. They may bring the product&nbs= p;back, and we're ready to support it, if they do. But for now, only = RateIntelligence is supported, detailed below.
The BookingCenter to RateManager interface has 2 main compone=
nts:
The key take-away is that the RateManager product will dec=
ide the rate values that BookingCenter stores. It's a compelling 'revenue m=
anagement' approach from the Booking.com network, which has excellent 'rate=
comps' for most markets. But, like all automated revenue management =
approaches, it may take time and tinkering from your team to get the result=
s you want in all/most occupancy situations.
This is the 'big picture' of what the interface accomplishes. &=
nbsp;If you choose to progress, then we will begin setup of the RateManager=
interface. This will go from our TEST system to their TEST system an=
d won't affect any of the 'production' data in the your PMS or profile=
in Booking.com. But RateManager will begin receiving detailed a=
nalysis of past and future bookings, so this is a sharing of your 'commerci=
al data' that your hotel should consider carefully.
We bill the $500 annually to enact and verify the interface is workin=
g as intended. Just let us know when you are ready for us to start th=
e program for you.
For more information on the Booking.com/BookingSuite Rate Manager Tools,= see http://suite.booking.com/ratemanager/
A property can select up to 5 'comparative properties' (commonly called = a 'comp set') to review rates vis a vis these other 5 properties o= n a daily basis, using the Booking.com network. Thus, an easy tool to= see how your rates are comparing to your competition. If you decide = to activate these tools in BookingCenter, then your data will be displayed = in SETUP | RATES | RATE INTELLIGENCE.
and in REPORTS | DAILY REPORTS | RATE INTELLIGENCE
SETUP | RA= TES | RATE INTELLIGENCE | REPORTS | DAILY REPORTS | RATE INTELL= IGENCE |
Once you have signed, then your rate data = will display in BookingCenter MyPMS.