Multi BAR Price Points
Information on using Multi BAR price points in RMS.
Multiple Best Available Rates is an option available in RMS to preset multiple price points for the Best Available Rate and toggle between them as needed.
Multi BAR can be used to simplify seasonal rate setup and streamline ongoing rate adjustments. A preset price point can be selected for any date range and changed as the needs of the business change.
Price Points
Multi BAR price points can be set in ascending or descending rate amounts based on whether the property has contracted to a Rack Rate or Best Available Rate.
The table below demonstrates how price points could be set in RMS.
| Multi BAR | Price Point |
|---|---|
| PP1 (Rack Rate) | $1,000 |
| PP2 | $950 |
| PP3 | $900 |
| PP4 | $850 |
| PP5 | $800 |
| PP6 | $750 |
| PP7 | $700 |
| PP8 | $650 |
| PP9 | $600 |
| PP10 | $550 |
Using the above example 'PP1' could be set as the BAR for as far in advance as the property accepts reservations and the other price points set as the BAR on upcoming dates where rate adjustments form part of the revenue management strategy.
Using Multi BAR removes the need to apply individual rate overrides or manually set the rate at different periods. The BAR can be toggled to a different price point as needed.
| DAY | M | T | W | T | F | S | S |
| BAR | PP10 | PP7 | PP7 | PP5 | PP1 | PP1 | PP3 |
| RATE | $550 | $700 |
$700 |
$800 | $1,000 |
$1,000 | $900 |
Assigning colours to each Multi BAR price point can provide a visual overview of rate fluctuations that have been set when viewing the Rate Manager Chart in RMS.
| DAY | M | T | W | T | F | S | S |
| BAR | PP10 | PP7 | PP7 | PP5 | PP1 | PP1 | PP3 |
| RATE | $550 | $700 |
$700 |
$800 | $1,000 |
$1,000 | $900 |