By default, PriceLabs continues to calculate and update rates even for dates marked as booked or unavailable (except for VRBO, due to integration limitations). This ensures that your pricing remains competitive and aligned with the market trends.
Why Do We Update Prices for Unavailable Dates?
We update prices for unavailable dates to account for market fluctuations. If a booking is canceled, the rate for that date will be updated to reflect the most recent PriceLabs recommendation, ensuring it aligns with current market conditions.
When dates are blocked off and then unblocked, having the latest rates ensures that your prices stay in line with market trends and prevent bookings at outdated or unreasonable prices.
Opting Out of Updating Prices for Unavailable Dates
If you'd prefer that PriceLabs does not update prices for unavailable dates, this customization can be enabled. In this case, if a date becomes available again, it will be listed with the last price successfully pushed, which might not reflect any recent market changes or customizations.
Benefits of Opting Out
- Prevent price abuse: This feature helps guard against scenarios where guests book far in advance with a flexible cancellation policy, then cancel close to the date, only to rebook at a cheaper rate.
- Avoid price inconsistency with amendments: If a guest amends an existing booking (e.g., extending the stay), Airbnb will recalculate the entire quote, potentially applying any last-minute discounts to the additional nights, resulting in a much lower price than intended.
Important Note
The last booked prices will only be retained for canceled dates until the next automatic sync. Once the sync occurs, the rates will be updated with the latest market conditions and customizations.
How to Opt Out of Updating Prices for Unavailable Dates