Rate Management is the practice of setting and adjusting pricing for your online inventory.
It is an integral part of your Ocra 20-Minute Operating Rhythm.
Based on bookings and inventory that you see for that day, you can log in to make pricing adjustments – for example, increasing rates when occupancy is higher – to maximize yield.
Without Ocra, rate management is done on a per-channel basis, with the operator logging into each individual consumer demand channel’s seller console to manage pricing for the inventory that they have allocated to that channel.