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Gearco Cloud Rate Lock
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A distinguished service for True Extended Stays.

Get increased revenue earnings per stay by adding direct revenue to the bottom-line from long-term stays.

 

Powered by Length of Stay.

Earn more revenue.

Increase revenue earnings per stay with Rate Lock by adding 2% to 30% 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 ($261.25 to $254.03). 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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Additional Gearco Solutions

Putting the gears to work.

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Cloud Portal
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Cloud Reservations
Cloud Paper
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Cloud CC
Cloud Ops
Abi Cloud Intelligence
Communications
Wifi Control
Front-Desk Computer

Cloud Portal

My Guest Portal for Customers.

My Guest Portal provides self-servicing benefits by saving time with online access to pay rent, maintenance requests, and skip the line. In addition, it helps reduce traffic to the front office and saves of office supplies.

Also, stay compliant and support COVID-19 Social Distancing.

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Cloud Reservations

Solutions for online reservations and channel management.


Our two-way interface makes it easy to capture reservations, securely store credit cards, and synchronize inventory between the CPMS and all target channels.

Use Gearco's LOS Protection system to control and allocate True Extended Stay inventory to prevent reservation overbookings against in-house forever guests.

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Cloud Paper

Solutions for going paperless.


Allows your front-desk to capture driver's license photos, profile data, and signature for each adult without typing, and it is digitally stored with registration documents and purchase receipt signatures.

Over 1 million documents captured in the last 12 months saving trees, toner and cost. . .

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Cloud CC

Solutions for credit card processing with EMV and PCI protection.


Get integrated secure PCI EMV and tokenization credit card processing with signature capture and touchscreen tech.

Securely stored credit card data that meets PCI compliance with minimal effort from your staff.

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Cloud Ops

Need easy apps for operations?

Gearco Cloud Ops automates interactions and services between your front desk and operations teams.

Also, control which local, public, or company networks users are allowed to access Cloud Ops.

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Abi

Gearco's Artificial Bot Intelligence

Abi gives you smart responses to the questions you ask through conversation from our cloud. She's always connected to your properties and available to give you instantaneous answers about your property metrics like total occupancy, average daily rate, expected revenue, and so much more.

You need only ask!

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Cloud Send

Centralized Communication Services.

Extraordinary management experiences come from the right Communication Platform. Centralize your communications between front-desk, operations, customers, and vendors.

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Cloud Wifi Control

Take control of your wifi.

Get control of your property's wifi by managing bandwidth, number of devices, blacklisted sites, and on-time rent access.

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Thin Client

For your front-desk.

Manage your business now and in the future with the powerful, highly configurable, and long life-cycle HP Thin Client + Gearco Apps running on Windows 10, quad-core processing, dual 4K monitor support, and dual network connectivity.

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Gearco CPMS

System supporting Rate Lock

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True Extended Stay®

For True Extended Stay® operators.

With our True Extended Stay® system, you can truly operate properties where guests stay 7 to forever nights and get automated processes such as automatic tax limits with rebate credits, city ordinance length-of-stay caps, renewal rules with no folio size restrictions, rate roll-ups, automatic late fees, and damage and deposit retention controls—just to name a few. And also, you'll be pleased to know that we easily handle true extended stay inventory management for the forever guest. At Gearco, we know and support the difference for true extended stays.

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