decrease the price below a listing's set lowest price.
Listing lowest price
We highly recommend that everyone enter this to ensure prices never go below the min-price even during low season, last minute, etc. This can be specified in the top left corner when reviewing prices.
If you have many listings, you can also bulk update on the Manage Listings
If you enter a fixed price override (select some dates, and enter a fixed price at listing level) or "% change on base price" at group/account level that's outside the min-max price range, we will use the price you put in and ignore the min-max range. This is the only time the range is ignored since you're entering your own price.
Minimum Far-out Price
This customization can be used set a different (higher) minimum price for bookings far out. Our early adopters have used this pretty creatively. Suppose you usually want the min-price to be 100, but are willing to go down to 80 only for last minute bookings (say last week). You can then set 80 as the listing minimum price, set a far out min-price of 100 beyond 7 days (and a separate one for weekends!).
Minimum Weekend Price
This customization can be used to make sure that the prices for weekends don't fall below a certain threshold (even though it might be last-minute in low season).
Minimum Seasonal Price
You can also set different minimums for any season you've defined by defining a Custom Seasonal Profile
. Using this customization you can set different minimums (or base or max prices) for seasons you've defined for your listings. Any minimum slot left empty will default to the regular minimum set for your listing.
Minimum Event Price
This date specific override
can be used to ensure that the price for certain dates and events don't go below a threshold you specify. Simply click and drag your mouse over multiple dates, or use the "Add" button to select a longer range (either for a listing, group, or account) and enter the min-price. The example below ensures that the price for this listing won't fall below (base price - 20%) for Jan 13-16.
If our calculated price falls below your threshold, we will use the min-price. If it is above the threshold, we use our calculated price. If Minimum Price is set "% Change on Minimum Price", this "% Change" will be applied after all Minimum Price customizations, other than Date Overrides, have been applied - This includes Far Out and Seasonal Minimum Prices
Advanced Dashboard Display Settings
If you navigate to the Settings page from the Account menu and expand the option to show the Advance Settings, you'll see a few switches that are designed to help out users with larger portfolios. 1. Display full year calendar: When this toggle is ...
Seasonal Minimum, Base and Max Price Settings
Our default pricing setup already accounts for seasonality based on market data (and you can set seasonal price and min-price settings using date-level overrides). But these new settings are a great addition if you are in a heavily seasonal area and ...
How Are the Price Recommendations Calculated?
Our algorithm considers a number of factors, some inputs and settings that you can control, and our data-driven analytics layered on top of it. When you review prices for a listing for the first time, We estimate a base price for the listing you ...
Setting Minimum Night Requirements in PriceLabs
With PriceLabs you can set up rules for applying default minimum night requirements, and apply special minimum night rules for last-minute bookings, for orphan-day bookings, and for far-out bookings. Before we get started users should know that ...
Default Discounts and Premiums
One of the ways in which we make changes to your pricing is by adding premiums and discounts to certain dates depending on their position relative to holidays, events, and other bookings. We've found that orphan days -- days between bookings that ...