Dynamic pricing in Preno allows you to automatically adjust your daily rates based on rules set by you, that suit your property’s revenue strategy. By doing this, you can save significant time from manually reviewing and updating rates and maximise your revenue.
With Preno’s dynamic pricing, you can set up rules for:
Surge pricing: automatically increase your daily rate on days with high demand to maximise your revenue
Last minute pricing: automatically decrease your daily rate up on days with low demand up to 30 days ahead to attract last minute bookings
How to set up dynamic pricing rules
Setting up dynamic pricing in Preno is very easy, and takes only a couple of minutes.
You can find the step-by-step guide to set up your dynamic pricing rules along with our recommended recipes here:
Understanding the purple triangle on your Rates page
The purple triangle on the Rates page in Preno serves as an indicator of dynamic pricing adjustments. This feature highlights that the rate has been updated automatically based on specific pricing rules or triggers.
General Explanation
The purple triangle signifies that the rate price has been modified by dynamic pricing triggers. These triggers are part of Preno's automated pricing strategies designed to optimize rates based on various conditions.
Specific Examples
Dynamic pricing adjustments can include mechanisms such as:
Surge Pricing: Rates may increase during periods of high demand.
Last-Minute Pricing: Adjustments may be applied to encourage bookings closer to the check-in date. For instance, a surge pricing rule might increase the rate by a specific amount to reflect heightened demand.
Preno video walkthroughs on our dynamic pricing tools: