Setting minimum night requirements in PriceLabs

Setting Minimum Night Requirements in PriceLabs

With PriceLabs you can setup rules for applying default Minimum-Night values, 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 Minimum Night Restrictions are advanced features that control how long a booking you require on certain dates. These settings should be used with a knowledge of your market, and the kind of bookings you want to get. 

Please review the following system-specific notes before continuing: 
  1. For connections to LavandaLodgify, Stays, VRM, and Yield Planet, and when uploading rates using our extension, min-stays must be set in PriceLabs or sync will fail
  2. For connections to AirbnbGuesty, and Tokeet, PriceLabs will overwrite the all minimum-night settings you might already have in place for with what you have set on PriceLabs.
  3. For connections to Beds24, you must first make sure your min-stay in Beds24 is set to 1 or none in SETTINGS->PROPERTIES-ROOMS-SETUP and/or in SETTINGS-PROPERTIES-ROOMS OFFERS or PriceLabs min-stays will not appear on the Beds24 rates tape. 
  4. For connections to Vreasy, if a minimum night requirement is not sent from PriceLabs then all min-stay values will become 1
  5. These features are currently not available for KigoMaxxton, and MyRent.

The minimum stay options can be accessed from the "Edit" link on the Customizations panel when you review prices for a listing.


Once you toggle on the "Minimum Stay Update" option, a larger menu will open up.


Here's how you can use the four options available:
  1. Minimum Stay Update: This setting needs to be turned ON for any of the other minimum-stay options to work. Once you turn this on, the drop-down has three options:
    • None: This implies that by default we won't apply a minimum stay for all listings. Any of the next four options can still be used.
    • Fixed: You can choose a default minimum stay to be set for weekdays and weekends. You must set a min-stay in each box, and must enter a number greater than zero.
    • Booking Value: If the value in the box is 300 (currency same as that of the listing), then we will calculate a minimum stay for each date such that a booking with value less than 300 is not possible. As an example, if the prices for 5 consecutive dates between 2 bookings is (100, 100, 150, 200, 200), then the minimum nights for those dates will be (3, 3, 3, 2, 2).
  2. Minimum Stay for Last Minute Bookings: You can specify a minimum nights length and specify how many days out this should become active. In the image above, we have set the next 7 days to have a 1-night minimum requirement - this can greatly increase the chances of getting last minute bookings which tend to be shorter in length.
  3. Minimum Stay for Far Out Bookings: You can specify a minimum nights length and how far out this should be active for. In the example above, we have set a 4-night minimum stay more than 180 days out. This is useful to try and fill up your calendar with longer bookings far out, and allowing regular 2-night minimum in the main booking window (depends on your location!)
  4. Minimum Stay for Super Far Out Bookings: This option gives you another level with which to extend your minimum stay requirement to require even longer stays if a guest is booking well in advance. Here we've set a min-stay of 7 nights beyond 300 days, but do keep in mind the average trip length for your market/listing.  
  5. Minimum Stay for Orphan Bookings: You can specify that any of the above minimum nights rules be overridden if the default minimum nights rule is longer than an orphan gap in bookings, so a 2-night gap will not be adjusted if your default min-stay is for one night. To turn on this setting you should also have a default minimum stay rule in place so a gap-length can be determined. You get a few different options in the drop-down (each of these is activated only if the min-stay setting needs to be reduced to accommodate a booking):
    • Length of Gap: For any gap of length specified in the box (in the example above, gaps between 1 and 3 days), we will set the minimum to be the same as the length of the gap. If you are using a value-based default minimum stay, this will change the daily rates of the orphan period to meet your required booking value.
    • (Length of Gap - 1): For any gap of length specified in the box (in the example above, gaps between 1 and 4 days), we will set the minimum stay to be one night shorter than the length of the gap. This is useful because it might be pretty hard to fill a 4-day gap with an exactly 4-night booking, but somewhat easier to find a 3-night booking (though it will leave a 1-day gap open). Note that 1-day gaps will stay at 1-night minimum. If you are using a valued-based default minimum stay then the daily rates for orphan periods will be adjusted so that the shortest stay allowed meets the minimum booking value required. 
    • Choose a number: If the value in the box is 1 (as in the example), then we will apply a 1-night minimum for all days in gaps between 1 and 3 days. 

Once the rules have been setup, you can see the minimum night setting on the calendar at the top left of each date, and hovering over a date provides the reason the min-night was set to a certain value You can also use the "Download CSV" link at the lower right corner to see all the settings at a glance in Excel.



You can also apply these settings for certain groups of listings or your entire account by setting these up on the Customization page (Navigation Bar: Dynamic Pricing >> Customizations). Any rules you apply here will be used for all the listings in the account. If you want certain listings not to have the default rule, you can apply a special setting for those listings individually as described above. A full description of the hierarchy is available here. Like always, you can click on certain dates and override these custom settings using Date Specific Overrides. Setting a minimum night requirement here will override all of your regular rules except the orphan day minimum stay setting. If you setup a custom four day minimum stay for certain dates, and two bookings result in a 2-day gap, we will apply the orphan day setting to ensure that you are able to get a booking in that gap as well. 




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