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Learn how to set up a New Variation for a Dynamic Pricing Strategy.
New to Dynamic Pricing in Campspot? Use this article along with the following articles to get the best understanding of how this feature can increase your bottom line!
Dynamic Pricing: Functional Examples
Common Reporting:
Dynamic Pricing by Site Type
Dynamic Pricing by Reservation
Creating a new Dynamic Pricing Rule
To set up a Dynamic Pricing rule, first navigate to Rules > Pricing > Dynamic Pricing.
This page will show you all Dynamic Rules that are currently set up.
To create a new one, complete the following steps:
1. Click the green New Variation button to open a blank dynamic rule form.
2. Complete the New Variation form for the Dynamic Rule then click Save complete the new rule.
Below you will find an explanation of each item on the form:
Dynamic Rule Form |
|
| Rule Name | The rule name is used to identify the rule in the dynamic pricing rules list after saving. This field is not customer facing. |
| Active Dates | The activate dates represent the stay dates the rate change of the rule will affect. At least one date group is required. Click in the active dates field and choose an active date group from the list to add a date group. |
| Site Types/ Add-on Types | A site type or an add-on type must be selected but cannot include both within the same rule. Click in the site type or add-on type field and select an active type from the list to add to the rule. |
| Expiration Date | Reservations must be created by the end of the day indicated by the expiration date for the rule to apply. |
| Rate Change | Select whether the rate will be an increase (+) or decrease (-) and by a percentage (%) or a dollar amount ($) change from the base rate. |
| If occupancy is _ to _ % | Choose an occupancy percentage range for the rate change to apply. The rate change will be applied for every reservation made while the occupancy rate is within the configured range. |
| as calculated among site types: | The occupancy rate used by the rule can be configured to be calculated among a customizable set of site types. It's most common that the same site type(s) applied in the site type section are applied here. |
| and is booked _ to _ days prior to arrival. | Choose a booking range for the rule to apply. The rule will apply to all reservations made within the configured range. |
For more information on how to increase your parks revenue using Dynamic Pricing, click on the following links: