How do I change my price hierarchy?

In this chapter, we explain the different types of price hierarchies you can set in Atomize and how they function together.

This chapter consists of the following sections:

1. Price hierarchy
2. Changing the price hierarchy
3. Default price hierarchy
4. Seasonal price hierarchy
   4.1 Different rulesets for different days of the week
   4.2 Edit or delete seasonal price hierarchies
   4.3 Calendar overview of seasonal price hierarchies
   4.4 Price range boundaries graph

5. Price conflicts due to price hierarchy configuration

    

1. Price hierarchy 

The price hierarchy in Atomize defines the price boundaries that the price recommendations should be within. It ensures that your hotel’s rates never go below or over price points you decide. You can set the minimum and maximum price boundaries for each individual room type, as well as the offset between them.

For each hotel there is always one default price hierarchy. You also have the possibility to add seasonal hierarchies that apply during specific periods and/or days of the week. 

2. Changing the price hierarchy

You can find the price hierarchy page in the setting dropdown menu, on the upper right side of the system.

The page is divided into two sections. The first is your Default price hierarchy and the second is the Seasonal price hierarchy.

3. Default price hierarchy 

The default price hierarchy defines the price boundaries for all future dates unless a seasonal hierarchy or min/max boundaries have been configured.

To make changes to the default price hierarchy click on the “Edit” button located below the prices in the first section. Proceed to make the desired modifications and click on “Save” when you feel satisfied with your changes.

Watch this video to learn how to set up your default price hierarchy:

4. Seasonal price hierarchy 

Seasonal price hierarchies can be set up if you want to have different rulesets for a longer period of time (e.g. during the summer season) and/or different boundaries on certain days of the week repeatedly. You can add up to five seasonal price hierarchies. 

Please note that you also can override the price hierarchy and set temporary daily min/max boundaries in the recommendations list or from the calendar view (by clicking on “Adjust prices”).

To create a seasonal price hierarchy, click on  “+ Add alternative price hierarchy” in the second section.

This will take you to a dialog screen where you start by naming the seasonal hierarchy and defining the time period it should be active. Note that the period is rolling and will be applied to all future years. Also, note that it is not allowed to have overlapping time periods. 

The seasonal price hierarchy will be applied to all days of the week by default, but you can also choose to have different price boundaries for each (or some) days of the week.

Watch this video to learn how to set up seasonal price hierarchies:

Link in the video - How to set up the default price hierarchy >

4.1 Different rulesets for different days of the week

To configure different price hierarchy rules for different days of the week select “Custom” in the section called Price hierarchy ruleset. Select the day(s) that you want the ruleset to be applied to and fill in the price boundaries you want to apply for those days.

To configure a different ruleset for other days of the week, click on “+Add additional ruleset for other days of the week”. A new section with room types and price fields will be displayed. Continue to make your changes and apply them to the desired days.

It is possible to remove/delete a section of days by clicking on “Remove additional ruleset”.     

Once you are satisfied with your configuration of the seasonal hierarchy, click on “Save”.

4.2 Edit or delete seasonal price hierarchies

You will see all your seasonal price hierarchies listed on the Price hierarchy page. You can edit a price hierarchy by clicking on the blue “open” icon next to the name.

To delete a seasonal price hierarchy you click on the “delete” icon (trash can). 

If you are a user who already has existing seasonal price hierarchies configured before this feature was available in the system, please be sure to name your hierarchies with suitable names.

4.3 Calendar overview of seasonal price hierarchies

The calendar overview helps you to see when your seasonal hierarchies are active. A color will represent each seasonal hierarchy. You can see the color displayed next to the hierarchy name in the list of seasonal hierarchies. In the calendar, you can see the specific days of the week each of your seasonal hierarchies is being applied on. You can see both the current year and the following year.  

4.4 Price range boundaries graph

To easily get a quick visual overview of the price boundaries configured in the default and seasonal price hierarchy you can look at the Price range boundaries graph on the price hierarchy setting page. It is the minimum value for the cheapest room and the maximum value for your most expensive room that is displayed.

5. Price conflicts due to price hierarchy configuration

If you create or edit a price hierarchy, please be aware that depending on how significant the hierarchy change is, it might have an impact on existing prices that need to be adjusted to fit into the new configurations. To proceed with your new setup you will need to accept the suggested changes. These changes will ensure that all your current prices are inside the new price hierarchy.