Generally, the real estate market rates differ from the tourism rate on property. These rates are determined as per season, local events etc. and will often fluctuate. To implement a fixed rate can lead to overpricing or underpricing, leading to low or no occupancy of the property. To avoid this, we have dedicated Revenue Managers who will ensure that the highest possible rate is provided at all times according to the market rates and competition, to ensure we generate a consistent review stream.
In the event there is major difference between the agreed forecast, we will get in touch with owners to approve the price.