Knowledge Base
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What is a dynamic rate plan
Dynamic rate plans consist of price levels, and each of them corresponds to specific source rate plans. Usually, hotels change price levels as the hotel occupancy increases, or decreases or other factors arise.
By default, dynamic rate plans are not enabled for all hotels. To be able to create dynamic rate plans, please, contact your Customer Support manager or Exely Customer Support.
How the dynamic rate plan works
You manage prices by setting price levels in the price calendar. In dynamic rate plans, prices automatically change depending on the price levels you set. The price information is simultaneously updated both on your hotel website and on the online distribution channels you connected.
How to set the dynamic rate plan
The setting of dynamic rate plans consists of three stages:
1. Create price levels: "Step 1. How to create price levels in a dynamic rate plan".
2. Create a dynamic rate plan: "Step 2. How to create a dynamic rate plan".
3. Set price levels in the price calendar: "Step 3. How to manage price levels in dynamic rate plan".