Add your market knowledge to fine-tune the pricing recommendations
We now have two new customizations in the Dynamic Pricing tool: Demand Factor Aggressiveness, and Far-out Premium. These can help you create a winning pricing strategy by combining your market knowledge with our algorithm-powered price recommendations.
1. Demand Factor Aggressiveness allows you to adjust your prices higher or lower than the recommended prices:
Choose the Aggressive setting if you want rates for high demand days to be higher than our recommended rates. This is useful for customers who have a higher risk tolerance, and are willing to wait out a bit before they get booked for major holidays or events.
Choose the Conservative setting if you think our daily fluctuations are a bit too much. This is also useful if you prefer taking bookings farther out for peace of mind.
Thanks to Demand Factor Aggressiveness, you can tailor our recommendations to fit your unique business needs. (Read more)
2. Far-out Premium lets you get ahead of the game. For far-out bookings, we gradually increase prices so that you aren’t the first ones to get bookings at lower rates during events and holidays. By default, we apply a premium of 20% over seven months for the bookings made beyond 30 days and a flat 20% premium after 270 days. You can choose to adjust this or turn it off as per your need. (Read more)
Contact our support team at firstname.lastname@example.org to enable Far-out Premium Setting.