Where to find, add, or adjust rate bounds to ensure TakeUp's pricing fits your strategies.
Rate bounds control the minimum and maximum price that TakeUp can publish for your base room type. 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 "TakeUp 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" in the upper right-hand corner.
From there, a pop-up will appear where you can add or edit your price floor and ceiling for the month. There is also an option to add different rate bounds for weekends versus weeknights. On the right of the screen, 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. A pop-up will appear 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, select "Rate Adjustments" underneath the weekly view. On the left, click the three dots on the right of the base rate bounds to edit them. Once you sit save, 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 in the rates table on the right side of the screen.
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.