Matrix Revenue Control Overview: It allows rate adjustments based on inventory levels, seasons, and formulas, offering both manual and automated control. Designed to help properties maximise revenue
Key Features
The feature allows you to optimise your dynamic rates based on total inventory or clusters of Master Rooms
Set seasons and rate formula for inventory tiers
Automatic rate calculation based on inventory and set seasons
Syncs calculates rates to all connections managed within Channel Manager
Additional Manual override, allows more control for high demand or special event dates
Matrix status, highlighting status of Matrix setup (Live or Setup)
Advanced Revenue analytics
We also offer a Revenue Management system where dynamic rates based on Room-level inventory (OTP required to switch Revenue Management feature)
How do I enable Matrix - Revenue Control?
Navigate to Matrix Revenue Control
Login to extranet > Tools > Revenue Management
New setups > you will be presented with 2 Revenue Management options (Room Level & Matrix Revenue Control)
Select Enable for Matrix Revenue Control > Confirm to proceed to setup
Existing setups - directly select Matrix Revenue Control, opposed to Revenue Management
Matrix Revenue Control setup
1. Master & Child Linking set what Room(s) are Master and the rooms that will be linked to Master (Child)
Select Master(s)
To apply child rooms, select 'Link Child Room' link, to open a pop-up with all available room types.
Once all Master and Child rooms are selected > Save & Next to divert to Date Ranges
2. Date Ranges define date ranges and their applicable seasons. As well as manage season setup
Seasons - 6 preset seasons to choose from. To add, edit, deactivate or delete seasons select 'Create/Edit Date Range'
Edit - to change season name and colour
Deactivate - to keep season in deactivated state, OTP required. Cannot be applied to any dates to proceed
Delete - to remove season, OTP required. Cannot be applied to any dates to proceed
Changes not permitted to Default season
Date Range - Apply seasons to specific date ranges
Through calendar, displaying a month-by-month view. Simply select the 'From & To Date > Select Season from drop down menu > SAVE OR
Bulk update, allows you to update multiple date ranges at once. Scroll down past the calendar display > select the 'From & To Date > Select Season from drop down menu
To add multiple date ranges simultaneously, click + > SAVE
NEXT to divert to Master Rates
3. Master Rates - setup yielding and inventory tiers. Set rates for each season within each inventory tier
Set inventory tiers by defining the "from and to" value. This defines the rate that applies when inventory falls within this threshold, and when the rate will change to the next tier
From" is the total inventory across all rooms, based on the total inventory set in room type setup
Each inventory tier will have a name, with the default being T1 for the first block. Every new block created will automatically increment the tier name, for example: T1, T2, T3 and so on. The tier name can be customised by simply editing the name.
Set a rate for each inventory tier and season. This rate will apply (before formula calculation) once inventory is within that tier's threshold for the selected season
NEXT to divert to Formula
Note: Special tier that can be used to add a special rate overriding the existing yielding setup. You can add the name of the tier and also set from which existing tier the rates have to be derived from if none keep it on the select option
4. Formula - set formula calculation for each season and room type. Season and Inventory tier rate will apply to Master, you can then set a formula where the Master and child rooms will calculate from Master.
Set formula for Master Room (optional), this will calculate from the Master/Season rate
Add formula for All Child Room types, which derives from the Master room.
Calculation is Master room rate fixed value (+/-) percentage (x) * fixed value (+/-) Properties can apply a formula for weekdays and weekends.
Weekday and Weekend formula setting supported, which gives more flexibility to high demand days of the week. Weekend days are based on days marked as Weekend in “Weekend Marker” setup (via Property Profile > About Us)
SAVE
Continue to set for each season. Change season using the season drop down menu (above weekend)
Once formula set for each season > NEXT to divert to REVENUE CONTROL PANEL
5. Revenue Control Panel At this point rates are not synced to channels. Your setup is complete, now review rates and submit to complete and sync rates
Matrix status will remain in setup mode until rates have been submitted
Simply review rates, mode and season
When ready, click FINISH & SUBMIT. This will programme a full sync and change status to live
Additional Information
Mode switching applies to entire room types (not specific date ranges).
The toggles are only visible during setup; standard mode switching features become available once LIVE.
All rooms and rates will be displayed.
Rates displayed for all Child Rooms are based on seasons/formula applied to derive from the Master Room.
Property can also identify the Season applied for a specific date
Properties also have the ability to manually adjust rates through the Revenue Control Tab by selecting the applicable date/room you want to make changes to
Manual rate will no longer have the “Season” indicator
When a rate is manually updated, this will override Dynamic Pricing/Formula settings
Changes to the Master room rate will change the rate for Child rooms (for child rooms where mode is dynamic)
Revenue Control will indicate total availability for each date below calendar