What is Daily and Seasonal Pricing?
With travel coming back in full swing and occupancy rates skyrocketing through the roof for your short-term property management company you want to make sure to not leave any money on the table. Understanding the strategies behind your pricing structure is extremely important. Dynamic pricing is just the beginning. In this article we will discuss the importance of unit pricing and seasonal pricing to maximize your revenue and increase your occupancy rate. Layers of Rates Pricing your units accurately according to unit type, location, node, season, amenities and more is extremely important to drive bookings and make sure you get …
TRACK PM COVID-19 Future Use / Gift Card Process
Handling COVID-19 within TRACK PM At TRACK Hospitality Software, we are dedicated to making sure that your company is successful in using our software. As part of this understanding, we wanted to put together a guide to make sure that all TRACK Clients can keep cash flow within the organization rather than issuing refunds. Attached is a quick guide on how to setup the accounting, issue the gift card, and use the gift cards. Click Here to View the Guide If you have any question, please let our Support Department at support@trackhs.com to get a quick time scheduled to help …
Rented.com and TRACK Team Up to Provide Revenue Management Services to TRACK PMS Users
Property Managers using TRACK PMS are now eligible for a free one month trial of Rented.com’s Revenue Management Services February 6, 2020 (Cottage Grove ) — Rented.com, the leader in providing tailored revenue management services combining industry expertise, data, software, and hands on pricing and manual intervention, announced today that it’s partnering with TRACK Hospitality Software powered by TravelNet Solutions, the hospitality industry’s leading integrated software and solutions provider for hotels, resorts, and vacation rental management companies. Vacation rental managers with 50 properties or more who use TRACK Property Management Software can now receive a free one month trial of …
Why Your Vacation Rental Management Needs Revenue Management
It is no joke that in 2020 revenue management has become more critical to the Vacation Rental Management industry. Property managers want to understand why it’s relevant, how to compete, and ultimately, maximize their revenue. In this post you will learn how revenue management is more than just pricing, along with what revenue management companies TRACK Property Management Software partner with. Why Your Vacation Rental Management Needs Revenue Management Taking it back to the basics, revenue management is important due to the ancient rules of supply and demand. Your vacation rental management company needs to strategically set rental fees based …
“Unlock” the ability to change or modify Airbnb and channel bookings in TRACK PMS
Speaking with many property managers, they would like the ability to change or modify a reservation from Airbnb or other channels once it comes into their PMS system. Most software’s do not allow for this. In TRACK, we allow qualified users to “Unlock” a reservation – which means you would be able to make changes to a reservation from a 3rd party channel without that reservation changing the booking in the channel platform itself. This is a highly valuable feature for those companies that want to be able to do add-ons, change units, add fees or items and various other …
