Streamline provides a suite of revenue management tools that can automatically fill gaps to maximize occupancy and optimize rates with dynamic pricing per distribution channel. Yield rates based upon occupancy and booking window. Change pricing and nightly minimums per day/per unit/per price group – at the click of a button leveraging data you can trust.
This particular feature, functionality, and practice has become one of the hottest topics in the industry for the past several years. The vast majority of vacation rental property managers have always optimized revenue manually. Very few systems had any sort of automatic revenue optimizers built in. The standard functionality for most yield management systems looks at occupancy percentages and length of time from stay. With these two variables, a company can set their standard yielding rules. Streamline's system can help you automate all the adjustments to happen automatically depending on the rules the property manager sets. Streamline has also partnered with the industry's leading data providers to provide you the best-in-class capability of any PMS on the market today.
Rates are added for a period of time called a Season, based upon this time having special rate or length of stay needs that differ from other times throughout the year. This creates your base from which daily prices can then be modified one at a time.
Stay restrictions are minimums on the number of nights (length of stay) that a guest must stay during a period of time. This is used to meet requirements of home owner associations or to maximize the total revenue generated by a stay by only allowing those higher total revenue producing stays of longer lengths to occupy the unit when there is high demand.
Daily pricing is the rate set by day. Weekly pricing is the rate for a person staying a minimum of 7 days. Monthly pricing is the rate for a stay of a full month.
This function enables you to allow a guest to stay for a shorter length of stay then the minimum you require while charging them a higher rate that you have determined.
This function enables you to set a series of rules that will either increase or decrease your nightly minimum within a specific number of days prior to arrival.
This function will look at unit nights in between two booked reservations and allow them to be rented even if they are for shorter lengths of stay than the minimum requirement. You determine the lowest length of stay you will accept within a gap.
This tool allows you to make modifications to any unit or group of units by day, further providing you the ability to pinpoint dates of opportunity and create a selling strategy that will optimize the income potential for those dates.
Similar to the Pricing Tape Chart, the Night Minimum Tape Chart allows you to make modifications to any unit or group of units by day to either increase or decrease the night minimum requirement for an arrival on that night.
This function allows you to tie the rates for a unit directly to what you have set for each season and lock it so that it can only be modified by a change to the season rate. It allows you the ability to use all the other rate modifying tools without needing to worry about the rate for a unit accidentally getting changed.
Similar to the Lock Rates function, the Lock Length of Stay Function allows you to tie the nightly minimum for a unit directly to what you have set for each season and lock it so that it can only be modified by a change on the season home screen. It allows you the ability to use all the other night minimum modifying tools without needing to worry about the minimum for a unit accidentally getting changed.
Would you ever like to restrict arrivals from occurring on a day such as on Christmas or Thanksgiving when it is difficult to staff? This function allows you to choose to restrict arrivals to only certain days of the week by closing arrivals on all other days of the week, or simply closing a unit or entire date from receiving arrivals on a that date.
This report allows you to easily view your pricing strategy for a group of units or a unit for a date range.
Rate types are defined as a specific rate that would go to a segment of your full market of guests. For example, this function allows you to set a separate rate for all your Online Travel Agents (OTA's). Therefore, allowing you to manage what inventory you have for sale and at what rate by date will be advertised on those websites.