Price regulation rules

Overview

The Price Regulation Rule defines automatic pricing adjustments for offers in the system. It allows you to configure how prices should change based on time, number of offers, and predefined limits. This ensures competitive pricing while maintaining control over minimum values.

Purpose

The purpose of this rule is to:

• Automate price increases or decreases for offers.

• Control how often and by how much a price can change.

• Ensure prices never go below defined minimum thresholds.

• Reduce manual intervention when managing multiple offers.

Preconditions

• The user must have permissions to create or edit price regulation rules.

• A valid Name and Code must be provided.

• Business rules for pricing (amounts, hours, and limits) should be clear before configuring.

Instructions

1. Navigate to Price Regulation Rules in the system and select Create/Edit Rule.

2. Fill in the fields as follows:

Fields Explanation

• Name *

  • The descriptive name of the rule (e.g., Weekend Discount Rule).

  • Mandatory.

• Code *

  • A unique identifier for the rule, often used internally.

  • Mandatory.

• Amount *

  • The standard adjustment amount (e.g., increase by 100).

  • Mandatory.

• Amount (down)

  • The adjustment amount applied when lowering the price.

  • Mandatory.

• Hours number

  • Time interval (in hours) after which the Amount increase adjustment applies.

  • Mandatory.

• Hours number (down)

  • Time interval (in hours) after which the Amount (down) decrease adjustment applies.

  • Mandatory.

• Offers number

  • The number of offers required before applying the Amount increase adjustment.

  • Mandatory.

• Offers number (down)

  • The number of offers required before applying the Amount (down) decrease adjustment.

  • Mandatory.

• Lowest price / Lowest price2 / Lowest price3 / Lowest price4

  • Minimum allowed price thresholds.

  • The system will never lower prices below these defined values.

  • Multiple fields allow flexibility for different categories, products, or scenarios.

  • Mandatory.

1. After filling in the details:

   • Review all minimum price values carefully to prevent underpricing.

   • Save the rule.

2. The rule will now automatically regulate prices based on the defined triggers (time, offers, and limits).

Best Practices

• Always set realistic Lowest price values to avoid unprofitable sales.

• Use Hours number carefully—too small values may cause frequent price changes.

• Clearly label rules using Name so they can be easily identified later.

• Double-check both Amount and Amount (down) to ensure they follow company pricing policies.

Note! When a pricelist regulation rule is set, a pricelist history is automatically updated, and it is possible to be viewed that a service has run every time the price is adjusted according the pricelist regulation rule set.

The feature to set price list goup/godown limits to be available needs to be configured in System Setup

To use the price list rules, after you have activated the feature and the service runs, you'll go to the price list, choose the transport, choose a hotel and a room type, and then click Display. Here you have a column where you can set the rules

Click Save.

FAQ

1. What is a price regulation rule? A price regulation rule is a set of conditions that tells Tourpaq when to automatically raise or lower offer prices based on time and offer count, while protecting minimum price limits.

2. Why do I need a code and a name for each rule? The name makes the rule easy to recognize, and the code ensures the rule is uniquely tracked by the system.

3. What does “Hours number” mean? This is the number of hours after which the system will trigger a price increase or decrease.

4. How do minimum price fields work? These fields define the lowest prices the system can set — the rule will never reduce prices below these values.

5. How often does a rule run? The rule runs continuously, checking the conditions you set. When the hours and offer count conditions are met, the system adjusts prices automatically.

6. Can I prevent rules from lowering prices too much? Yes, you set minimum price values (lowest price fields) to protect against underpricing.

7. Where do I see the price changes? After a rule runs, the price list history logs the automatic changes so you can review what happened and when.