Earn more revenue.
Increase revenue earnings per stay with Rate Lock by adding 2%
to the bottom-line from long-term stays.
These earning are based on the property's tax schedule where applicable to room rent when
the length of stay exceeds the tax exemption period.
The additional revenue earnings are maximized by obtaining and locking in the added rate at every tax exemption period that occurs during the entire length of stay.
So when tax exemption period occurs, you'll gain additional revenue on every renewal ( stay over
and thereafter — forever
Control the earnings.
You get to control the percentage of earnings to retain by establishing an Earnings Retention Rate — the portion % the exemption you retain ( gain
A real example
: A weekly renewal rate is set for $225 + 16% (taxes) = $261.25 for the week. After 30 days (tax exemption period), $36.25 (16%) will be the expected exemptible amount.
Using Rate Lock and an 80% Earnings Retention Rate, Gearco's real-time A.I. auto-adaptive rate platform will increase the renewal rate by $29.00 ($36.25 * 0.08) as the retained earnings.
So you'll gain $29.00 and the guest's rate will drop by $7.25
). In this case, you'll earn an additional 12.8% per week
thereafter with the ability to increase the retained earnings rate at any time.
Remain in compliance.
You'll remain in compliance with local and state tax regulations because all tax collections and exemptions will
calculate exactly the same prior to Rate Lock. The Sales and Use Tax reporting, with drill down, will reflect all the supporting
details needed for tax filings and audit reviews.
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