Rate Bounds

Rate bounds control the minimum and maximum price that TakeUp can publish for your base room type, or the base room type within a Room Class.

Rate bounds can be set on a year-round (default), monthly, or daily level.

Default Rate Bounds

Default Rate Bounds are the broadest rate bound setting that will always be in place if no monthly or daily rate bounds are set. These default settings apply only to occupancy dates without their own daily or monthly rate limits. Any monthly or daily rate bounds will override the bounds set at the default level.

Your property's default rate bounds can be found by navigating to the Settings tab in the control panel on the left side of the web app and selecting Configuration.

Monthly Rate Bounds

Monthly rate bounds provide more granular control over the rates that TakeUp can test. They are especially helpful in providing more specific parameters during periods of different seasonality. If monthly rate bounds are present, monthly rate bounds will override your property's default rate bounds for that particular month. 

You can add or edit monthly rate bounds by navigating to the Rate Management tab in the control panel on the left side of the web app and selecting Month Adjustments on the right above the Pace Health calendar.

From there, you'll come to the Month Settings screen, where you can set rate bounds for the month.

Add or edit your desired floors and ceilings for your base rate. There is also an option to add different rate bounds for weekends versus weeknights. Simply toggle this off if you'd like rate bounds to be the same every day of the week.

Immediately below, you will see what the new bounds will look like for each of your room types based on the pricing deltas between your room types.

Daily Rate Bounds

For days showing demand patterns that differ from the rest of the month, such as events or holidays, specific rate bounds can be set on a daily level. Daily rate bounds are the most granular of the rate-bound settings and will override any monthly or default rate bounds. 

You can add or edit daily rate bounds by navigating to the Rate Management tab in the control panel on the left side of the web app and clicking on the day you would like to adjust in the calendar.

You'll land on the page showing a weekly view of the rates for that day at the top and the specific details for the day you are editing below.

From there, click into the Rate Bounds box.

If there are no monthly or daily rate bounds in place, you'll see that TakeUp is using your default rate bounds.

To change the daily rate bounds, toggle this button off, then type in your desired floor and ceiling. Click the carrot to the left under Room Details to see each Room Type and how your proposed rate bounds changes will apply based on the pricing deltas. Don't forget to click Save Changes.

Bulk Edit

In the case that you want to set specific bounds for a whole weekend or week, there is also the option to set rate bounds for multiple days at once rather than setting custom bounds one day at a time. Please watch the short video below to see how to perform a bulk rate bound edit fix.