The HQ system allows you to set rates based on your fleet utilization. This means if you normally charge $40/day, you can set a higher price like $45/day when your fleet availability is at 10%. This way you can optimize your rates and take advantage of high demand. There are various options and use cases for demand-based rates. Here's an overview of the best use cases:
1️⃣ Rates based on vehicle utilization
Set a specific rate for your fleet depending on the availability percentage. For example:
2️⃣ Rates based on vehicle utilization & days of the week
Set a specific rate for your fleet depending on the availability percentage and the day of the week. This means you can set a higher weekend rate that differs from the weekday rates when the demand is high. For example:
Follow the steps below to set up your demand-based rates.
Navigate to the Settings menu by clicking on the Settings option located at the bottom of the main menu.
Next, go to Car Rental Settings → Settings Tab and scroll down to the ‘Rates & Days Calculations’ section**.**
Under the ‘Rates & Days, Calculations’ section, look for the ‘Enable Utilization Based Pricing’ setting marked in red in the image below ****and set it to ‘Yes’.
After setting this to yes, scroll down and click the blue Save button at the bottom of the page.
Head to the Settings page by clicking the Settings option at the bottom of the main menu.
Navigate to Car Rental Settings → Rates and click on the blue ‘Add Rate’ button located on the upper right-hand corner of the Rates page, or choose an existing rate.