Adjacent Factor Customization
Adjacent factor Customization can help encourage or discourage back-to-back bookings and lets you adjust the rate for the selected number of days before and after a booking. Let's take a look at how to make the best use of it for your use case:
This setting can be found under Customizations > Advanced Customizations > Adjacent Factor
Case 1: When to apply a discount on Adjacent Factor?
When you want to ensure that the day before and after a reservation should get booked quickly at a discounted price to prevent gaps.
Case 2: When to apply a premium on Adjacent Factor?
When you want to ensure that the day before and after a reservation should get booked quickly at a discounted price to prevent gaps.
Case 2: When to apply a premium on Adjacent Factor?
Suppose your STR /property operationally has a hard time handling same-day turns, or your listing has a high BR count/big place and requires more cleaning time/cost. In that case, a premium can help discourage back-to-back bookings or at least bring in more revenue that could help with operational costs.
Do you also want Adjacent Factor to apply on weekends?
By default, we do not apply the Adjacent Factor settings to weekend days, as we understand that users have different pricing strategies for weekends where you price them higher. An Adjacent factor discount might interfere with your higher price. However, if you want the Adjacent factor to also apply on weekends, then tick the box for "Also apply on weekends".
By default, we do not apply the Adjacent Factor settings to weekend days, as we understand that users have different pricing strategies for weekends where you price them higher. An Adjacent factor discount might interfere with your higher price. However, if you want the Adjacent factor to also apply on weekends, then tick the box for "Also apply on weekends".
Notes:
- Adjacent Factor Customization can only be applied within 1 and 30 days.
- Rates will only be adjusted the next time a sync happens after a booking is made. So, if a reservation is made in the early morning, this customization might not be applied until the next time prices sync automatically overnight. However, adjusted rates will push anytime a manual sync is done after a reservation is made by clicking "Sync Now".
- While a premium can be put in place so that adjacent days are less attractive to guests, there's no guarantee that guests won't book these days, and your regular listing maximum price will still be in effect (though that can be adjusted with Date Specific Overrides).
Video Tutorial
Related Articles
Demand Factor Sensitivity
Our price recommendations depend on many factors, but for easier understanding, you can classify them into three buckets: Broad trends: these are things that don't change drastically from one stay date to the next: base price, seasonality, etc. Daily ...Pacing Factor
What is the pacing factor? The pacing adjustment has been put in place for some markets where the projected demand is deviating significantly from historical seasonal trends. This deviation is calculated by considering how much ahead or behind your ...Seasonality
What is Seasonality? Seasonality in accommodation rental industry is how the demand at a broader market level varies with season or time of the year. For example - consider a small town which is famous for their Ski Resorts, it will see huge influx ...Preventing gap creation using minstay settings
The latest updates allow all PriceLabs users to prevent orphan gaps from appearing in their calendars by using minstay rules for adjacent days after an unavailable night. Before we proceed, it's worth noting that if your PMS connection supports ...Understanding Customization and Date-Specific Override Hierarchy
It is important to understand the hierarchy of which rules will apply when. Like someone wise once said: With great power comes great responsibility. The ability to set rules at an Account/Group/Subgroup level is useful if you manage tens or hundreds ...