Base Room Type

Define the Base Room Type for each Room Class for which G3 RMS calculates pricing.

  • For transient, G3 RMS uses the Base Room Type when it optimizes pricing for each Room Class. From the optimal rate for this Base Room Type, G3 RMS uses Offsets to calculate pricing for other room types and other occupancy levels in the same Room Class.
  • For group pricing or function space evaluations, G3 RMS uses the Base Room Type to calculate the recommended room rate.

The Base Room Type window includes other setup options, see below. Or see an overview of how to share your pricing strategy with G3 RMS through pricing setup. Note that G3 RMS uses the lowest priced room type and not the Base Room Type when enforcing Price Ranking between Room Classes.

Price Excluded Room Classes

If you do not want G3 RMS to price a Room Class, select the Price Excluded option. If enabled, the system doesn't optimize pricing for the room types of such a Room Class and instead sends the fixed price, plus any offsets, to the selling system. For example, many properties select this option for their large specialty suites.

Set the fixed prices for a Price Excluded Room Class in the Ceiling/Floor tab. You can override pricing for Price Excluded Room Classes.

Note: in Group Pricing Evaluations, G3 RMS includes the room types of a Price Excluded Room Class and uses the fixed price that you define.

Minimum Change Value

Minimum Change Value is an optional selection. It is the minimum amount that a pricing decision must increase or decrease before G3 RMS sends the new decision. See Decide if your property needs Minimum Change Values for details.

Setup Steps

  1. Click , then Decisions, and then Pricing.
  2. Click Advanced Settings .
  3. Click Base Room Type.
  4. Click Assign Base Room Types. If the button isn't available, G3 RMS already selected the Base Room Types for you. Review and, if needed, change the system's selection. For each Room Class, the system selects the room type that has the highest number of past bookings with the Equal to BAR Product attribute. If your property uses a Limited Data Build, manually select the Base Room Types.
  5. If you have multiple Room Classes, select Price Excluded for a Room Class with a fixed price.
  6. Optionally, select the Minimum Change Method. You can use a different method and value for each Base Room Type:
    • Fixed: The price must change by a fixed value before G3 RMS sends a new decision.
    • Percent: The price must change by a percentage of the current price decision before G3 RMS sends a new decision.
  7. If you selected a Minimum Change Method, e enter the Minimum Change Value as the fixed amount or percentage amount that the price must change.
  8. Select the Enable Supplements checkbox if your Room Class rates include non-room supplements, like breakfast.
  9. Click Save.

When you change pricing setup, a sync flag displays in the menu bar to indicate that your changes impact the system's forecast and decisions. See Sync for more information.

Best Practices

Select the Largest Capacity Room Type

If G3 RMS assigns the Base Room Types, it selects the Base Room Type that has the highest number of past bookings with the Equal to BAR Product attribute. Follow a similar best practice if you assign the Base Room Types yourself and select the room type with the largest capacity. This room type usually has the most reservations and the most data to use as a basis for the Room Class decisions.

The Base Room Type icon identifies these room types throughout G3 RMS.

Decide if Your Property Needs Minimum Change Values

Set a Minimum Change Value if a large number of pricing changes have a negative impact on your selling systems. For example, by causing slower performance or increased costs. Or, use the functionality to avoid negative guest perception in a high priced market. For example, without a Minimum Change Value, a pricing decision could change four times by $1, from $495 to $499, in as many optimizations. With a $5 Minimum Change Value, G3 RMS would not send a new pricing decision, because the amount of change, $1, is below the threshold.

Note the impact of Rounding Rules. In the above $499 example, and with rounding rules that enforce prices ending in $5 or $9, no Minimum Change Value is needed. That is because all prices between $495 to $499 would be rounded up or down. The price would only change once, from $495 to $499.

If you are not concerned about selling systems or guest perception, select a small or no Minimum Change Value. This way, G3 RMS can optimize revenues without constraints.

Include Taxes in Minimum Change Value

If you are in a country with Tax-Inclusive PricingClosed Tax-inclusive pricing applies in countries where quoted and booked prices have to include taxes like a Value-Added Tax (VAT) or Goods and Services Tax (GST). If you are not in a country with tax-inclusive pricing, taxes are added to pricing only at the point of payment. In G3 RMS, tax-inclusive pricing is enabled and configured in Property Specific Configuration., enter the Minimum Change Value inclusive of tax. This applies to all pricing setup values. View Entering and Display of Taxes in G3 RMS for more information. For example, if you require a Minimum Change Value of 10 inclusive of tax, enter 10. If your tax is 20%, then the Minimum Change value of 10 includes a tax of 2.

Understand How G3 RMS Resolves Conflicts with Minimum Change Values

G3 RMS Ignores Minimum Price Changes to Maintain Pricing Hierarchy

When the pricing decision for a lower ranked Room Class would break the price ranking hierarchy, G3 RMS sends the decisions for impacted higher ranked Room Classes to maintain the pricing hierarchy.

Minimum Change Values Overrule Minimum Price Differentials

G3 RMS ignores the Minimum Price Differential if a Minimum Change Value prevents a new decision from being sent. For example:

Room Class Minimum Change Value Minimum Price Differential Previous Decision New Decision
RC1 10.00 Not Applicable 100.00 115.00
RC2 25.00 20.00 120.00 140.00
RC3 35.00 30.00 150.00 170.00
RC4 35.00 70.00 220.00 260.00

In this example, G3 RMS:

  • Sends the 115.00 decision for RC1 because it meets the 10.00 Minimum Change Value.
  • Does not send the new decision for RC2, ignoring the 20.00 Minimum Price Differential to RC1, because 140.00 doesn't meet the 25.00 Minimum Change Value.
  • Does not send the new decision for RC3, because 170.00 doesn't meet the 35.00 Minimum Change Value. But it still meets the 30.00 Minimum Price Differential to RC2.
  • Sends the new 260.00 decision for RC4 because it meets the Minimum Change Value. It also meets the 70.00 Minimum Price Differential to RC3.

G3 RMS Ignores Minimum Change Values to Account for Pricing Setup Changes

If you change the setup in Rounding Rules, Offsets or Supplements, G3 RMS updates and sends any pricing decisions that changed as a result of the new pricing setup . For example, if decisions must now end in .99 due to a new Rounding Rule, G3 RMS updates and sends any future decisions that changed as a result, but does not send decisions that already ended in .99. After changes to pricing setup, G3 RMS ignores the Minimum Change Value until the next nightly processing completes.

Redo the Base Room Type Setup if Room Classes Change

If you make changes to your Room Class setup (for example, moving a room type from one Room Class to another), you are prompted to set up your Base Room Types.

Redo the Pricing and Offsets Setup if the Base Room Type Changes

If you change the Base Room Type for a Room Class, G3 RMS removes the Ceiling and Floor values, Offsets, and future overrides for its Room Class. You must then again set up these values for the Room Class.