Step 1: Setup in ThinkReservations

1. Log in to your ThinkReservations account
   
2. Set up a Base Rate type and connect the listing(s) you wish to import to PriceLabs. Only base rate types can be imported from ThinkReservations
3. Set initial rates for all properties in ThinkReservations
1. Click on the ThinkReservations icon on top left and click on settings
   
   
   
2. Navigate to Room Configuration on the left panel and click on Rate Type
   
   
   
3. Click on New and in the details tab, under Pricing choose Set rates and restrictions manually
   
   
   
4. Access the Rates & Restrictions tab, Click on Modify. Choose the date range and the room types for which base rate is set
   
   
5. Choose Price -> Set to and set the price and click on save
   

To prevent data loss, always mirror your minimum stay and check-in/check-out restriction in PriceLabs as well if they are configured in ThinkReservations. This ensures your customized settings are protected and not accidentally overridden by automated updates.

Step 2: Connect with ThinkReservations

1. Log in to PriceLabs.
   
2. Click + Add/Re-import Listings.
   
3. Select ThinkReservations from the drop-down list and click Connect with ThinkReservations.
   
   
4. You will be redirected to ThinkReservations login page.
   
5. Once you login, your properties will be pulled into PriceLabs.

Step 3: Reviewing & Syncing Prices

1. Follow the Getting Started guide to set up your listings.
   
2. Review your pricing and settings in PriceLabs.
   
3. Enable Sync Prices for automatic updates or click "Sync Now" to push updates immediately.
   
4. Check your ThinkReservations account to verify updates
   
1. Your PriceLabs rates will appear in the Calendar as shown below
   
   

Rate Plan Offset Adjustments

PriceLabs can update all base rate plans in ThinkReservations for a given property. A default rate plan is required for your ThinkReservations property. This is the rate plan whose prices will appear in your PriceLabs calendar for the property. If you'd like to view prices for any other rate plan, simply change the default rate plan. Upon the first import of a property, the first-rate plan will be set as the default.

Changing and Reviewing the Default Rate Plan

1. Access your listing's Pricing Calendar
   
2. On the right-side panel, locate "Rate Plan Customization" and click the "eye" icon to access the customization screen
   
   
   
3. In the customization screen, you can select a different default rate plan and apply adjustments. These adjustments can be set as a fixed amount or percentage to the rate plans. There are 3 options under 'Update Type':
   • Price and Restrictions: Updates both the price and restrictions for the rate plan.
   • Price: Updates only the daily price.
   • None: Skips the rate plan entirely.
     
     
     
4. Click "Save Rate Plans" to save and apply your changes.
   

If a new rate type is added after the listing is connect to PriceLabs, click on + Add/Reconnect Listings to reconnect the listing. This newly imported rate plan will by default have the "Update type" as None under rate plan customization

Next Steps

✅ Review pricing and rules regularly.
✅ Join our Intro to PriceLabs Live Training for further insights.

✅ With these steps, your PriceLabs-ThinkReservations integration should run smoothly!