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What is the difference between the room rate and rate plan?
A room rate is the price per night guests must pay when staying at your property. The displayed room rate is determined based on the applicable rate plan at your property. You can set the room rates in the Manage Rates & Availability submenu under the Rates & Availability menu.
A rate plan is a pricing arrangement that includes meal options, prices, cancellation policies, and restrictions. You need to create a rate plan before setting the room rates. You can create a new rate plan in the Rate Plan submenu under the Rates & Availability menu.
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Can I connect a rate plan to multiple rooms?
You can connect one rate plan to multiple rooms if the same meal options, prices, cancellation policies, and restrictions apply to those rooms.
If you have multiple rate plans at your property, one room can be connected to multiple rate plans. For example, a deluxe room can be connected to a rate plan with a non-refundable cancellation policy and another rate plan with a free cancellation policy with different room rates.
You can add a new rate plan or edit the existing rate plans through the Rate Plan submenu in the Rates & Availability menu.
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What is a static rate plan and how to use it?
A static rate plan is a pricing strategy where you set a fixed price for your property for a specific period of time, regardless of changes in occupancy, holiday seasons, or market trends. Now, you can use a static rate plan for your property on tiket.com. By using a static rate plan, you only need to set a net price you want to receive once and have more time to improve your service and give the best experience for your guests.
Here are some benefits of using a static rate plan:
- Easier and more efficient property management
Unlike the dynamic rate plan that constantly changes based on demand, a static rate plan can save you a lot of time and effort. You only need to update your allotment periodically, and Market Manager can help you set the best price for your property. - Stable revenue
By setting a net price for your property, you can easily predict your total revenue. Additionally, our Market Manager will help you set up promotions and child rate plans to increase your property’s visibility without reducing your net price. - Extra visibility through cross-selling programs
By adopting a static rate plan, your property will automatically be included in tiket.com’s cross-selling programs. These programs bundle your property with other tiket.com products, such as flight tickets and attractions. Joining cross-selling programs also will increase your visibility and maximize bookings.
A static rate plan is a good choice for property owners who want easy-to-manage room rates, stable revenue, and extra visibility through cross-selling programs. By using the static rate plan, you can save more time and effort, maximize your revenue, and get more bookings.
Contact your Market Manager today to activate the static rate plan and boost your property’s performance on tiket.com!
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What is a rate model?
The rate model is the base for the pricing model that applies to your property. There are two available rate models on tiket.com, the Per-day Rate Model and Length-of-stay Rate Model.
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What are the rate models available on tiket.com?
When you first register your property on tiket.com, you will use the Per-day Rate Model as the default setting. But, you can change to the Length-of-stay Rate Model to fit your property.
You can also contact your Market Manager to help you in determining the right rate model for your property.
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What is the Per-day Rate Model?
You can set different room rates for every date with the Per-day Rate Model. The guests will be charged with the accumulation of room rates per date during their stay.
The price per night setting with the Per-day Rate Model is as follows:
– 1st January: Rp 150,000
– 2nd January: Rp 125,000
– 3rd January: Rp 100,000
If the guest checks in on 1st January and stays for 2 nights, then the guest will be charged Rp 275,000
If the guest checks in on 2nd January and stays for 2 nights, then the guest will be charged Rp 225,000
If the guest checks in on 1st January and stays for 3 nights, then the guest will be charged Rp 375,000
Per-day Rate Model will be chosen as the default rate model when registering your property on tiket.com.
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What is the Length-of-stay Rate Model?
You can set the room rates according to the duration of the guests’ stay in the room with the Length-of-stay Rate Model. The guests will be charged with the room rates that are applicable according to the duration of their stay.
The price per night setting with the Length-of-stay Rate Model is as follows:
1st January
– 1 night: Rp 150,000
– 2 nights: Rp 250,000
2nd January
– 1 night: Rp 200,000
– 2 nights: Rp 350,000
If the guest checks-in on 1st January and stays for 1 night, then the guest will be charged Rp 150,000.
If the guest checks-in on 1st January and stays for 2 nights, then the guest will be charged Rp 250,000.
If the guest checks-in on 2nd January and stays for 1 night, then the guest will be charged Rp 200,000.
If the guest checks-in on 2nd January and stays for 2 nights, then the guest will be charged Rp 350,000.
You can offer a more attractive rate to the guests who stay for a longer duration through the Length-of-Stay Rate Model.
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How do I change the rate model?
You can contact your Market Manager or the Market Manager team through the email address below to change your rate model.
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What is a pricing model?
The pricing model is a method to determine the right price per night for the rooms at your property.
Two pricing models available on tiket.com are the Room-based Pricing Model and the Occupancy-based Pricing Model. You can choose the pricing model that fits your property through the Rates & Availability menu on the Extranet.
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What are the pricing models available on tiket.com?
tiket.com has two available pricing models, the Room-based Pricing Model and the Occupancy-based Pricing Model. You can choose the pricing model that fits your property through the Rates & Availability menu on the Extranet.
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