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Guestrev - a day in the life - rate recommendation upload

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.

The status of each date can be viewed in the calendar metrics by selecting Recommendation Status:

  • C represents the Created which indicates that the recommendation for this date is either new or a new status was requested.
  • M for Marked indicates the dates that were marked for upload in the first step to upload the rate.
  • T for Transmitted indicates the dates where the rate was sent to the PMS. This indicates the rate recommendations are in route to the PMS. This is the final step to upload rates.

Once the PMS accepts the recommendation and is updating, the T will change to A for Accepted.

Most recommendations are updated within a few minutes, this is impacted by the number of days sent at one time.

Would you like to continue diving into Guestrev? Check out our learning series below.

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