Far-out Premium

Far-out Premium

We gradually increase the prices far out to ensure that for large events (yet to be announced), you're not the first ones to get booked. Also, because the demand for next period is uncertain and since we are looking to maximize your nightly rates, we keep the rates high to try and get a booking at a higher rate. 
By default, a gradual 20% premium over seven months after 30 days from today (about 0.1% per day), after 270 days rates a flat 20% premium is applied.

When to modify the far-out premiums: If your preference is to lock in revenue farther out, our far out premium customization can help you turn the default far out premium off. The setting is only available on request, so please reach out to our support team at support@pricelabs.co to enable this!  

Once enabled, this customization is  available under  "Advanced Customizations" as seen in the below screenshot.

Note that if you want to fine tune the far out premium, then you can turn this setting off by selecting " No far out premium" as seen in the below screenshot, and use  Occupancy Based Adjustments to created a custom far out premium.

    • Related Articles

    • Occupancy Based Adjustments

      Occupancy based adjustment looks at your listings' horizontal occupancy and tries to adjust your rates. This factor helps us to consider your properties performance and not just the market. Here are the common scenarios why it's helpful: You ...
    • Pricing Beyond 1.5 Years

      By default we send prices for 1.5 years(540 days) for most listings. Not as many bookings are made more than one year in advance which makes it hard for our system to detect events.  If we extend price beyond 1.5 years, you should manage pricing and ...
    • Pricing Customizations

      At PriceLabs we strive to recommend the best data-driven prices for your vacation rental and Airbnb listings to get bookings and drive revenue. While that works for most hosts and vacation rental managers, we recognize that you may want to customize ...
    • 2022-02 ( February) : Latest Product Updates to Keep Your Prices Competitive 💪

      Hey there! Pricing decisions can have a very big impact on your bottom line. At PriceLabs, we worked on a lot of new updates last month to help you take your short-term rental business to the next level, and we want to introduce several exciting new ...
    • 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/PMS level is useful if you manage tens or hundreds of ...