A fair is a special period for any hotel affected by increasing demand over a short time period. It is agreed that room prices and restrictions differ from regular periods.
What is the smartest way within Apaleo to set Fair Rates and restrictions?
There are two ways.
Within Existing Rates
Already existing rates can be adjusted with rates and restrictions for fair periods.
During Oktoberfest, with the high demand for rooms in Munich, Hotel Munich decides to increase its rates affecting every category. For the period of the fair (Oktoberfest), from September 21st until October 6th, the Flexible base rate is set at 350€. A minimum length of stay restriction of 2 nights is added as well. This can be repeated for other fairs during the year.
All the other rate plans are linked to the Flexible rate and change automatically.
Extra Fair Rate Plans
An alternative is to create a rate plan specialized for fair periods. Now, tailored details can be installed for fair periods without changing non-fair rate plans. This can save a lot of time if many fairs occur during the year. Furthermore, it provides a clear overview of the fair period.
Hotel Munich created a Fair Rate Plan with a minimum base rate. Every fair can have tailored prices nonetheless, when created as a (+new rate plan > pricing rule) derived rate.
Other rate plans not available to the public during these fair periods should be blacked out through restrictions > closed to make the fair rate the only bookable one.