What is Dynamic Pricing Floor?
With Oaky’s Dynamic Pricing Floor, you now have more control over the minimum price at which a room upgrade can be sold, even when using dynamic pricing. This helps you prevent scenarios where room upgrades are offered at very low prices due to pricing configurations in your PMS.
When enabled, this feature ensures that room upgrade prices will never go below your configured floor price, even if the dynamic rate is lower.
When should you use it?
This is useful if:
You want to maintain a premium value perception for higher room types.
You're using dynamic pricing but want to avoid extremely low upgrade offers.
You’ve received guest feedback or internal concern about underpriced upgrades.
How to enable and configure the Dynamic Pricing Floor
✅ Prerequisite: You must have Dynamic Pricing enabled for your property.
Step-by-Step:
Go to your Hotel Dashboard and navigate to Guest applications > Room upgrades > Dynamic Pricing section.
Enable the toggle for Dynamic Pricing Floor.
This will activate the floor pricing configuration option.
Select your floor price matrix from the dropdown menu.
You can choose between your existing room price matrix.
If no floor matrix exists, you may be prompted to create one.
Edit the matrix values to set the minimum acceptable upgrade prices.
Save changes.
💡 If the dynamic price retrieved from your PMS is lower than the floor, Oaky will use the floor price instead.
How it works
If Dynamic Pricing Floor is enabled and a price for a room upgrade is below the floor, the floor price is used.
If no price is received from the PMS, Oaky will fall back to the default rate or standard Room Price Matrix, not the floor matrix.
If Dynamic Pricing is disabled, the floor configuration is disabled as well.
Notes
This setting is optional. Hotels may choose not to apply a floor if they prefer fully dynamic pricing flexibility.
The Dynamic Pricing Floor can also optionally be used for bidding, depending on your setup.
Only available at the hotel level; chain-level application is not supported.
❓Need Help?
If you need assistance setting up your Dynamic Pricing Floor, feel free to contact our support team via the chat or reach out to your Customer Success Manager.