The BookingCenter to RateManager interface has 2 main components: The key take-away is that the RateManager product will decide the rate values that BookingCenter stores. It's a compelling 'revenue management' 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 results you want in all/most occupancy situations. This is the 'big picture' of what the interface accomplishes. 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 and won't affect any of the 'production' data in the your PMS or profile in Booking.com. But RateManager will begin receiving detailed analysis of past and future bookings, so this is a sharing of your 'commercial data' that your hotel should consider carefully. We bill the $500 annually to enact and verify the interface is working as intended. Just let us know when you are ready for us to start the program for you.
For more information on the Booking.com/BookingSuite Rate Manager Tools, see http://suite.booking.com/ratemanager/
If A property can select up to 5 'comparative properties' (commonly called a 'comp set') to review rates vis a vis these other 5 properties on 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 | RATES | RATE INTELLIGENCE|
REPORTS | DAILY REPORTS | RATE INTELLIGENCE
Once you have signed, then your rate data will display in BookingCenter MyPMS.