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Settings Overview

Updated

✓ Proper configuration within the Revenue Intelligence Account Menu is fundamental to the success of Revenue Intelligence’s pricing algorithms and the data accuracy presented throughout the platform.

✓ Many of the graphics and calculations you see in Revenue Intelligence are directly based on the settings you configure here.

✓ These settings empower you to personalize your Revenue Intelligence account for a more effective and intuitive experience, allowing you to control various aspects from visual preferences to foundational business rules and general configurations.

What You Can Configure

  1. Settings: Includes configuration options for Rate Management, Competitors, Reporting, and Payroll.
  2. Users: Manage users and permissions. Learn more HERE.
  3. Help & Support: Access help center resources.
  4. Theme: Select colors and apply a theme across Revenue Intelligence. Learn more HERE.
  5. Language: Set your preferred display language.
  6. Sign out: End your user session.

 

Settings Tab Breakdown

Rate Management

  • Budgets: Input budgets for Room Revenue, Food & Beverage Revenue, Other Revenues, and Rooms Sold. These benchmarks are used in analytics and help guide pricing strategies. Budgets can be defined manually or imported via CSV.
    Learn more: How to customize your Budgets.
     

 

  • Room Hierarchy: Define base rate limits and relative guardrails against the competitor median. Configure minimum/maximum rates and offsets per room type.

 

  • Rate Rules: A new section that allows you to set your baseline pricing strategy relative to your competitor median.
    • Base Adjustment (e.g., -10% vs. competitor median)
    • Day-of-the-Week Adjustments
    • Monthly Adjustments
    • Lead Time Adjustments (0–7 days, 8–14 days, etc.)
    • Aggressiveness level (Conservative, Moderate, Aggressive)

 

  • Rate Codes: Categorize rate codes (Public Dynamic, Contracted, Groups, etc.) and set Flexibility (refundable vs. non-refundable) to help Revenue Intelligence understand demand types and improve forecast precision.

 

Competitors

 

  • Competitor Ranking: Weight competitors as “Priced Higher,” “Priced Lower,” or “Priced Comparably.” You can also create Day Configurations to apply different competitor weightings on specific days of the week.

 

  • Room Groupings: Map your own room types and competitor room types into Standard, Premium, and Suite categories to enable “apples-to-apples” comparisons.

1) Press Configure Room Groupings to add grouping names

2) Configure your room types and click Save Changes

3) Drag and drop each room into the group it belongs to. This can be repeated for each competitor.

4) Click Save Changes to confirm

  • OTA Rooms: Map OTA room names to PMS equivalents to ensure accuracy in rate comparisons across systems.

 

Reporting

 

  • Reports: Set preferences for report colours, analytics display (e.g., show Spa or Function revenue separately), date format, and exclusions for Marketing Analytics emails or rate codes.

 

Payroll

  • Payroll Budgets: If payroll software is connected, configure payroll budgets to align staffing with demand.

 

  • Payroll Departments: Group payroll by department, cost center, or analysis group for more detailed reporting.

 

Why Settings Matter

📊 Accurate Pricing Algorithms: Settings like Room Hierarchy, Rate Rules, Rate Codes, and Competitor setup are essential for accurate forecasting and recommendations.

📈 Enhanced Data Accuracy: Proper mapping and categorization ensure accurate KPIs and reliable insights.

🎨 Tailored Experience: Visual settings like Color Ranges make Revenue Intelligence easier to interpret and adapt to your strategy.

🧠 Strategic Decision Making: Budgets, competitor management, and payroll configurations support smarter revenue and resource planning.

When to Configure

🚀 During Onboarding: Prioritize setting Budgets, Room Hierarchy, Rate Rules, and Competitors for accurate recommendations.

🛠️ Initial Competitor Setup: Submit and rank competitor sets to guide positioning.

🔁 Strategy Changes: Update settings when adjusting your pricing or business strategy.

📅 General Maintenance: Review configurations regularly to ensure alignment with evolving market conditions and business goals.

Do you want to learn more about how configuration impacts Revenue Intelligence? Visit the Settings section of the Help Center to explore all related articles and best practices.