Price Optimizer Usability Improvements

Price Optimizer Usability Improvements

Price Optimizer Usability Improvements

In our latest release, we have a number of noteworthy updates to our platform to simplify our solutions. Let’s dive into what’s new and what you need to know.

Improvements in Price Optimizer 

1. Competition Prices filter is now modifiable directly from the Price Control ‘Comp Prices’ section

price-optimizer
  • Clicking on each filter opens a dropdown to modify the existing selection

  • When the user returns to Price Control or page is refreshed, the Default Filters are applied

2. All options in Multi-day Update have a change all-at-once option

3. On Price Reports, the field with hotel names are wider

4. The order of Room Type categories in Price Control & in the Price List are made the same

5. Reports > Real Availability History is better structured

6. The Notes icon turns yellow when the note is active i.e. contains any info within (Feature for Admin users)

7. Ability to change hotel and competitor colors in Comp Set configuration for all users *

Improvements in CRS (Quoting Screen)

1. Rate Plans configuration has been redesigned

  • Clear display and easy to organize by changing sort order of Rate Plans
  • New ‘Rate plans sort order’ option to sort rate plan packages in Prices Table from cheapest, most expensive or in manual order according to how it’s sorted in the configuration

2. New sort order design similarly added to Room Types configuration

3. The Rate Plan dropdown box is more responsive and wider

  • New icons added on the left panel to distinguish and quickly select Rate Plans & Company Rates

  • When a Rate Plan is selected that is other than default, it is highlighted in orange on the prices table

  • When a Company Rate is selected, it is highlighted in red on the prices table

4. Descriptions and labels of rate plans, room types & packages are wider

5. Children pricing related ‘Room Types’ configuration parameters are hidden when Children Pricing is disabled

6. New ‘Clear all from basket’ button

7. New button to remove a reservation within the same room type in basket

price-optimizer

8. Grouping info in Room Types configuration and ability to pin virtual room types to any of the existing room groups *

9. New checkbox option in Room Types configuration whether to count baby cot in Total Pax calculation *

Features marked with * will be released sometime between September 13, 2021 – September 30, 2021.

If you have any questions or issues, please contact [email protected]

YieldPlanet has become a Preferred Software Partner of Airbnb another year in the row!

YieldPlanet has become a Preferred Software Partner of Airbnb another year in the row!

YieldPlanet has become a Preferred Software Partner of Airbnb another year in the row!

We are very glad that we can continue to contribute to our clients’ growth, develop solutions we deliver to all channel manager users, and satisfy and benefit our customers by working hand in hand with industry professionals, despite all the difficulties the whole world is facing lately.

Being a preferred software partner status means for YieldPlanet Team to work directly with the Airbnb IT team and benefit from technical and business advice.

What does it mean for hoteliers and vacation rental owners?

In October of 2018, Airbnb launched the Preferred Software Partner program to provide relevant criteria by which they could recognize best-in-class tools for all hosts. Airbnb’s preferred partner status requires software providers to meet stringent baseline standards to be able to connect and to provide an exceptional level of service.

This is how Airbnb strives to invest in the strength and powerful integrations to provide their hosts with convenient and smooth experience from the connection. Airbnb identifies the Preferred Software Partners twice each year as a part of their recurring assessment process.

 “In order to satisfy customers and keep Preferred Partner status YieldPlanet’s developers work constantly on making existing connections smarter and more advanced. We are happy to have a chance of working directly with Airbnb IT team and benefit from technical and business advice that is a part of Preferred Partner program”, – Tomasz Fitulski, Chief Information Officer, YieldPlanet

Want to learn more? If you have any questions or if you want to connect your Channel Manager to Airbnb, contact our sales team to get more details.

 

Price Optimizer Usability Improvements

User Roles in CRS

User Roles in CRS

Last time we introduced User Roles or permissions in Price Optimizer. Today we extend the roles for CRS (Quoting Screen) allowing you to customize each user’s access for both Price Optimizer & CRS.

 Similarly — we added a predefined list of CRS roles for you to choose from. By default, current users are assigned as Normal user with the same access as before.

 CRS User Roles and Descriptions:

Admin user: Full access; plus ability to request modification of user roles

Normal user: Full access

Read-only user: View-only access

Limited Config user: Full access; minus ability to make any changes on the Configuration page

Restricted Config user: Full access; minus the visibility of Configuration page

The table below compares all PO & CRS roles


It is possible to have different roles for each solution. To assign a new role for your user, please contact your Key Account Manager.

If you have any questions or issues, please contact [email protected]

YieldPlanet August Integrations

YieldPlanet August Integrations

YieldPlanet August Integrations

We are very proud to be integrated with near 500 partners and the list of our connections is constantly growing. Meet our latest integrations, which can help you to develop a daily routine, achieve much more and get much better results of your work:

cosmobeds

Cosmobeds. With over 30 years of experience in the travel industry, Cosmobeds is an accommodation specialist and Destination Management Company. Offering easy access to their portfolio via their B2B platform, available for Tour Operators, Bed Banks, Travel Agents, Wholesalers and OTAs worldwide.

ulyses

Ulyses PMS (by Tesipro). Ulyses PMS is a cloud-based system for apartments and hotels. It will help properties to automate processes and increase direct bookings.

seven-stars

Seven Stars PMS (by ClassOne). Considered as Smart Hotel Management System, it combines the PMS functionalities with a mobile application – Customer Web Mobile allowing better communication between a hotel and customers.

We and our partners are constantly evolving to be even more useful to you.  It helps our clients reach global and regional markets, simplify everyday work and maximize a revenue of their business. Meet major updates to established channels:

expedia

Expedia has recently launched a reservation recovery mechanism that will further improve reservation accuracy for hotels using channel managers.
YieldPlanet as one of the first technology providers has implemented reservation recovery mechanism aiming to reduce reservation incidents furthermore.
The mechanism will help hoteliers to get any reservation from Expedia on demand and send it to a PMS.
YieldPlanet has also improved the pace of sending rates, allotment and restrictions to Expedia as well as provided more transparent information on Expedia linked rate plans loaded to the channel manager.

airbnb

Airbnb connection has been upgraded with CTD parameters. CTD or “closed to departure” helps property owners to manage travelers check-out days.
CTD combined with CTA or minimum stay can help hoteliers to sell stays of exact length, Saturday to Saturday for instance or stays over full public holidays period.

Do you want to learn more about each of these partners? Visit our Interactive Integration List page to get more information about YieldPlanet’s integrations.

If you have any questions please contact [email protected].

Episode 2 of ‘Mix It’ is coming!

Episode 2 of ‘Mix It’ is coming!

Episode 2 of ‘Mix It’ is coming!

Mix It is online events about channel mix and why it is important to be presented in different types of distribution channels. Together with the best market players, we will share priceless tips on how to benefit from the marketing mix in the post-pandemic period.

Now, when demand for travel increases, using a clear metasearch strategy is a key to increasing bookings against the competition while managing your ad budgets.  Join us on July 29th at 4 PM CET  at ‘Mix It’ 2nd episode to discover how you can improve your marketing mix using metasearch.

Let’s meet every last Thursday of the month and discuss the most critical topics:

1st episodeJuly 1st

2nd episodeJuly 29th

3rd episodeAugust 26th

4th episodeSeptember 30th

Price Optimizer Usability Improvements

New Stop Sell

New Stop Sell

Today we launched the new Stop Sell feature. With a Stop Sell restriction, a user could request to open or close channels. Now it further allows you to create flexible Stop Sell requests including room types and rate plans.

Old Stop Sell → Mechanism to close channels (OTA, CRS, BE, etc) for a specific time or period

New Stop Sell → Mechanism to force open or close a combination of room types, rate plans and partners (OTA, CRS, BE, etc) for a specific time or period

If you had existing Stop Sell rules in place, they were migrated and will remain active. Please get in touch with your Key Account Manager to learn more or book training for this feature.

If you have any questions or issues, please contact [email protected]

Attracting millenials and families on Booking.com

Attracting millenials and families on Booking.com

Attracting millenials and families on Booking.com

Summer heatwaves combine with cautious optimism in the European hospitality market this year.

Although inoculation is still before the halfway point in most countries, it has been proved to be successful, and travel restrictions are lifted fast across Europe.

International travel will not rebound soon to pre-pandemic levels, but the time for the first holidays since 2019 has come for many Europeans.

Now, as demand for accommodation services is on the rise at least among domestic travelers, Booking.com has prepared 3 recommendations for properties looking to rise occupancy levels:

1. Activate mobile rates

A Mobile rate is an exclusive discount of 10% higher available only to mobile users both on the Booking.com app and on a mobile browser. Offering mobile rates increases properties visibility in search results for mobile users. It also increases mobile bookings by 26%.

Two-thirds of mobile bookings are made by millennials. They write more guest reviews than any other traveler segment. By attracting millennials, a property can positively impact its overall ranking as it can become a top pick for mobile guests.

2. Configure child rates

Child rates can help attract more families to your properties

Families stay on average 28% longer and book 27% more stays than couples and solo travelers.

Booking.com has made it easier for your properties to configure their pricing and occupancy policies to attract more families to book.

3. Turn on online payments and see less cancellations

Plenty of bookers like to pay for their stay up-front. These guests are also less likely to cancel than others.

Booking.com will guarantee your properties’ payouts, even when the cards are invalid or fraudulent – so properties don’t have to worry about chasing up payments from guests.

YieldPlanet supports the above recommendations for properties and accommodation managers. All actions can be found and processed in YieldPlanet Channel Manager Opportunities section as pictured below:

Meet YieldPlanet at Travel Tech APAC 2021!

Meet YieldPlanet at Travel Tech APAC 2021!

Meet YieldPlanet at Travel Tech APAC 2021!

Travel Tech, the world’s largest education-based travel technology conference series, announced its third event of the 2021 schedule: TRAVEL TECH APAC, taking place online from July 5-9, 2021 at 10 am Hong Kong.

The Travel APAC conference is comprised of a daily Masterclass, a two-hour panel discussion featuring top tech executives on a specific topic, specifically related to Asian tourism, each day. Masterclass session topics include revenue management, digital marketing, online distribution and sales, technology trends and operations. After each day’s Masterclass, hoteliers will have the chance to learn about the top technological solutions available to improve their operational processes and increase bookings and revenue, during the 25-minute, live-streamed Pitch Sessions. In the Pitch Sessions, leading hospitality technology companies will teach hoteliers how implementing their solutions could help them to reach profitability more quickly. Don’t miss a masterclass from our colleague Soraia Letra, Chief Business Development Officer, to learn how to use Revenue Management to beat your competitors and the pitch session with Piotr Olesiński, CCO at YieldPlanet.

All the people who attend the Masterclasses will receive a Certificate of Excellence from Travel Tech, to recognize the knowledge and expertise that they’ve been the recipient of during the 5 days of the event – an important recognition to add to your CV/resume or to share on your LinkedIn. Register for free now and receive “Certificate of Excellence” for participation:

Meet YieldPlanet’s new show ‘Mix It’! ​

Meet YieldPlanet’s new show ‘Mix It’! ​

Meet YieldPlanet’s new show ‘Mix It’! ​

Mix It is online events about channel mix and why it is important to be presented in different types of distribution channels. Together with the best market players, we will share priceless tips on how to benefit from the marketing mix in the post-pandemic period.

‘Mix It’ show gives practical knowledge on how to increase the number of reservations, become recognizable and visible, experiment with rates and offers successfully, and boost sales due to the proper combination of distribution channels. ‘Mix It’ will help you understand which channels will work for your property the best, discover new connections and learn how to choose the channels in terms of local demand, travel restrictions, and market trends.

Every month we invite hospitality experts from different fields to get deep into the topic, find out how to improve sales due to proper distribution channel mix; which things we should take into consideration, and how to react to crises and adapt to market changes.

Let’s meet every last Thursday of the month and discuss the most critical topics:

1st episodeJuly 1st

2nd episodeJuly 29th

3rd episodeAugust 26th

4th episodeSeptember 30th

Save the place – sign up now

Any thoughts on who is going to be our first guest at ‘Mix It’? 

Share your opinion on our social media and let us know whom we should invite for the next episode.

Stay tuned!

Price Optimizer Usability Improvements

User Roles

User Roles

In today’s release, we introduce User Roles or permissions in Price Optimizer allowing you to customize each user’s access. Now you can choose which areas of Price Optimizer your users can see, and whether or not they can create, edit and delete records in those areas.

To make it easy to understand — we added a predefined list of new roles for you to choose from that would help you maintain the appropriate balance of collaboration and control within your team.

User Roles and Descriptions

Admin user: Full access; plus ability to modify user roles & edit notes on the Configuration page

Normal user: Full access

Read-only user: View-only access

Limited Config user: Full access; minus ability to make any changes on the Configuration page

Limited Price Control user: Full access; minus ability to make price changes on the Price Control page for more than 2 days

Restricted Config user: Full access; minus the Configuration page

By default, current users are assigned as Normal user with the same access as before, including CRS and Channel Manager so nothing changes. To assign a new role for your user, please contact your Key Account Manager.

If you have any questions or issues, please contact [email protected]