SUMMARY: The article is part of a learning series demonstrating how revenue management professionals use Guestrev to optimize hotel revenue. It covers reviewing occupancy metrics, rate recommendations, supply and demand, forecasts, booking curves, and competitor rates. The process involves marking approved recommendations for upload and transmitting them to the PMS. Recommendation statuses include Created, Marked, Transmitted, and Accepted. Most updates occur within minutes, depending on the number of days processed. The series includes various parts focusing on different aspects of Guestrev, culminating in rate recommendation uploads.
This video is part of a learning series designed to demonstrate how a revenue management professional uses Guestrev daily to review hotel performance and rate recommendations to maximize revenue for their hotel.
We have reviewed occupancy metrics, rate recommendations, supply and demand, the forecast, booking curve, and competitor rates. Now we are ready to accept the pricing recommendations.
- All approved recommendations and overrides should be marked for upload after reviewing the date. To mark the date for upload, click the Mark for Upload icon at the top of the page.
- Once the date has been marked, click the blue Send to PMS icon to push these rates to the PMS.
Select the Play icon at the bottom to begin the video.
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