5 Tips for Effective Rate Management

  1. Set Default Rates as baselines that apply from “now until forever”. Instead of changing your Default Rates for events and other finite periods, you can override them with Spot Rates.

Rate Management

  1. Use Spot Rates to set temporary pricing overrides during periods of unanticipated or anticipated demand: events, games, festivals, busy travel periods, etc.

Spot Rates

  1. Consult your Advanced Booking Window (how far ahead of time your online consumers are booking) to determine how far in advance you should be setting rates.

Average Booking Window

  1. Log into Ocra 2x/day to make micro-adjustments during the day based on occupancy and inventory, flexing rates either up or down to maximize yield.

Ocra 20-Minute Operating Rhythm

  1. Introducing new rate structures can attract new customer segments, shorten your average length of stay, and increase space turnover. To learn more, email [email protected].

    [Case Study] Leading Parking Operator Partner Doubles Revenue By Increasing Per-Space Turnover Within First 2 Weeks Of Using Ocra

<aside> ⬇️ Psst! Click here to download the PDF you see below.

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https://infograph.venngage.com/pl/iCXh4u0jZj4

Questions about setting and managing rates with Ocra?

We’re here to help. Feel free to email [email protected].