Weekly and Monthly discount

Weekly and Monthly Discounts

Discounts are a key part of any rental property's price strategy, especially for those looking to extend their visitors' stays. A "Weekly and Monthly Discount"  is a frequent name for this arrangement.

As a revenue management tool, you can now consolidate your discounting into one platform since the working idea here is that, when set in PriceLabs,  we transmit these discounts to the PMS when generating a booking quote for stays of this duration (if the weekly and monthly duration are triggered when a guest is booking)

How do these discounts work?

👉🏼 Let's say someone has set a 20% monthly discount, we will send the usual daily rates to the Property Management System, and only if there is a reservation for more than the specified duration in PMS, a 20% discount will apply to the total amount of the daily rates. This can lead to an average daily rate after the discount is less than their minimum price in PriceLabs.
Reason: The discounts are applied on top of daily rates, and the net price can be lower than minimum

It totally depends on PMS how they use our weekly monthly discounts /discounted rates. For Tokeet as example, we push weekly & month discounted prices and tokeet prorate this price for a booking greater than 7 or 30 days.

Weekly/Monthly Discount - feature availability

While we want this to be supported by all our PMS and OTA, currently, we only have them for the below list;

Weekly Discount
Monthly Discount
Yes - set in PriceLabs otherwise PriceLabs will overwrites
Yes - set in PriceLabs otherwise PriceLabs will overwrite
Hosthub (syncbnb)
Yes - set in PriceLabs otherwise PriceLabs will overwrites
Yes - for monthly - we do this for 30-night bookings
Rentals United
Yes - set in PriceLabs otherwise PriceLabs will overwrites
Yes - set in PriceLabs otherwise PriceLabs will overwrite
Yes - set in PriceLabs otherwise PriceLabs will overwrites
Yes - set in PriceLabs otherwise PriceLabs will overwrite

How to set them in PriceLabs?

  1. On the Pricing Dashboard, click the "Review Prices" of the listing you want to set up.
  2. Next is the "Edit" of the Customization box.
  3. On the floating page, you'd see the "Weekly Discount" and "Monthly Discount." Toggle ON which one you need and set the discount value.
  4. Click "Save Changes" when you're finished, and then click "Sync now" if you want to immediately apply the changes. If you do not click "Sync Now," the changes to your syncing listing will be loaded during the nightly system update.

  1. There is no default value set.
  2. Discount % value can be a range of 0 to 75 only. 
  3. No need to indicate the negative sign " - " because the function will specifically use the number as a discount.
  4. The discounts are applied on top of daily rates, and the net price can be lower than the minimum.

1) What is the difference between "Yes" & "Yes - set in PriceLabs otherwise PriceLabs will overwrite"?
Answer: This means that for PMS with a note of "set in PriceLabs otherwise, PriceLabs will overwrite," it is highly recommended that you set them up in the PriceLabs platform to reduce or minimize error on this discounting.

2) "What if my PMS or OTA is not listed above?"
Answer: Please set it up on your PMS or your listing channel.

The details on the above table may change at any time, as we will be updating for more PMSs in the coming months.
If you don't see your PMS on the list o would like to confirm the information - please reach out to us at support@pricelabs.co

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