The General settings of the Pricing module allows you to adjust some formats, settings and displays about:

• Closing periods of your hotel
• Pick-ups
• Minimum and maximum price limits to send
• Number format in the price recommendations and VAT configuration.
• And new auto-calculation settings in the edition of open price rate plans with limits.

Hotel closing periods

The Property Closing Periods setting allows you to indicate to the system if there are periods in the year when your establishment remains closed, and therefore the 365 days of the year are not considered in the annual calculation of the KPIs.

By default, these periods are not included in the KPIs calculation. If this option is activated, the stocks of the spaces would not be set to 0 even if the closing has been configured, and could influence future recommendations for the same period in subsequent years.

Pickup format

With the Pickup format option it is possible to configure whether the pickup data should be displayed in percentage or in units for the ADR, RevPAR and revenue KPIs. Once you have saved your settings, you will be able to see your changes instantly.

Sending Price limits.

Using the Price Limits on Sending Recommendations, you can set the minimum and maximum price at which you are willing to sell any room in your hotel and rate plan in general.

Note: you can configure more specifically in the Inventory and rate structure module whether you want these sending price limits at a space or even rate plan level.

Number format in the price recommendations.

You have two options to customize the Number format in the price recommendations: (i) recommendations with up to 2 decimal places; and (ii) rounding of prices to different multiples (5, 9, 10, 100 etc).

Important: this configuration will apply to all rates, which may modify the final calculation of the recommended price. Once this configuration is saved, you will have to wait for the next data update to see your changes.

Edit open price rates with limits When you enable this option, open price rate plans will be automatically recalculated whenever you manually modify another related open price rate plan (these rate plans need to be related through limits configuration).

The system will respect the configured limits between rate plans (minimuns, maximums, or differentials) and will automatically send the updated prices to the Channel Manager or PMS, with no need to edit each rate individually.

VAT settings

Finally, you will need to enter the VAT value for rooms, meeting spaces and F&B applicable to your establishment.

Important: this tax configuration is especially important for the Group Management module.