Dynamic Revenue Plus can be added to your existing Little Hotelier plan. Go to Reports > Insights > Dynamic Revenue Plus to learn more or enquire here.
About dynamic pricing
With Dynamic Revenue Plus, you get tailored pricing recommendations powered by IDeaS, based on real-time property, competitor, and event data - delivered directly to you. Be agile and take control of every revenue opportunity.
Make quicker data-driven decisions with pricing recommendations and execute immediately across multiple channels
Never miss a revenue opportunity. Automatically apply pricing recommendations or act on them individually
Plan confidently with a 365-day heat map view to help you quickly identify high impact dates based on upcoming local events, performance indicators and competitor movements.
Enable dynamic pricing
What needs to be set up before enabling dynamic pricing?
To enable dynamic pricing with Dynamic Revenue Plus, you will need:
At least one rate plan (we recommend your BAR rate) with at least one room type assigned
At least two Booking.com competitors set up in the Competitor rates report
A rate plan that is not derived from another rate
The room type assigned to the rate plan only once. This ensures accurate pricing recommendations
Ensure you have updated the "Number of rooms of this type" field for all room types. Go to Rooms and Rates > Room types and enter a number into the field when creating or editing any room type
How to enable dynamic pricing
To enable dynamic pricing:
Log in to Little Hotelier (web version)
Go to Reports > Insights > Dynamic pricing
In the banner, click Select a rate plan to get started
Select which rate plan you want to receive recommendations for
Click Enable
Notes:
Price recommendations typically exclude taxes and additional fees.
Once Dynamic Revenue Plus is enabled, it may take up to 90 days before you start receiving pricing recommendations from IDeaS.
Set up dynamic pricing automation
When dynamic pricing is enabled, you can respond instantly to mobile notifications and immediately action rate adjustments via your Little Hotelier mobile app. Or simply automate rate adjustments based on recommendations:
Log in to Little Hotelier (web version)
Go to Reports > Insights > Dynamic pricing
Click on the settings icon
Select the room types to automatically update with pricing recommendations (for the selected rate plan)
Rates will be automatically adjusted based on each pricing recommendation
Review pricing recommendations and change history for dynamic pricing
In Little Hotelier:
Log in to Little Hotelier (web version)
Go to Reports > Insights > Dynamic pricing
Click on the icons under the View filter to view by calendar or list view
In the History column, click on the history icon to view the history of price changes, including date/time updated, the price change, and who actioned it.
In your mobile app:
In your mobile app, on the Home page, tap View calendar next to Dynamic pricing.
This opens a Calendar view, tap on a date, then tap the Activity tab. In the List tab, tap View day then tap into the Activity tab.
💡 See all notifications in Settings > Notifications centre.
To deactivate dynamic pricing, go to Reports > Insights > Dynamic pricing > click on the settings icon > click the Deactivate dynamic pricing button.