Weekly and Monthly discount

Weekly and Monthly Discounts

Weekly and monthly discounts are pricing strategies designed to encourage guests to book longer stays—typically a full week or month. These discounts attract guests looking for extended stays by providing a cost-saving incentive.

As a revenue management tool, PriceLabs allows you to consolidate your discounting into one platform. When set in PriceLabs, these discounts are transmitted to your PMS when generating a booking quote for stays that meet the required duration.

Before You Start

  1. The Weekly and Monthly Discounts customizations are currently only available with select integrations. Check the list of supported integrations below.
  2. The number of days in a month varies across PMSs based on how they define a "monthly" stay. For example,
    1. Bookerville considers 30 nights as monthly,
    2. Ciirus uses 28 nights.
    3. There are other PMSs like Guesty and Hostify where we are asked to send a "monthly" price directly. The PMS itself handles the logic and can configure what qualifies as a monthly stay (28, 30 nights, or more).

How Do These Discounts Work?

For example, if a 20% monthly discount is set in PriceLabs, the system will send the usual daily rates to your connected platform. If a booking meets or exceeds 30 days, a 20% discount will automatically apply to the total booking amount.

Important: Average daily rates can be lower than your set minimum price due to weekly/monthly discounts. These discounts apply on top of PriceLabs’ recommended rates.

Each PMS or Channel Manager handles weekly and monthly discounts differently.

Weekly and Monthly Discount - Feature Availability

While we aim for universal support, this feature is currently available for the following PMS integrations:
PMSWeekly discountMonthly discount
365VillasYes - must be set in PriceLabsYes - must be set in PriceLabs
BookervilleYesYes
BookingSyncYesYes
Guesty**Yes - but not supported in Guesty liteYes - but not supported in Guesty lite
HostexYesYes
Hosthub(Syncbnb)YesYes
HostifyYesYes
LosjiTechYesYes
MyVRYesYes
RentalWiseYesYes
Rentals UnitedYes - must be set in PriceLabsYes - must be set in PriceLabs
Suches VacationsYesYes
TokeetYesYes
VRBOYesYes
URBookedYesYes
*The details in the table above may change at any time as we continue expanding support for more PMSs. If your PMS is missing or if you need confirmation, please reach out to support@pricelabs.co.
** Guesty and Guesty for Hosts are different integrations. In this case, "Guesty" refers to Guesty for Pros.

How to Set Up Weekly/Monthly Discounts in PriceLabs

  1. On the Pricing Dashboard, click Review Prices for the listing you want to set up.
  2. Click Edit on the Customizations panel.
  3. Click All Customizations and select Weekly Discounts and/or Monthly Discounts.
  4. Enable the toggle for Weekly Discounts and/or Monthly Discounts, then set your preferred value.
  5. Click Save Changes, then click Sync Now to apply the changes immediately. If not, the changes will be pushed during the next scheduled sync.

Reminder:

  1. No default values are set for these discounts.
  2. Discount percentages range from 0 to 75%.
  3. You do not need to add a negative sign (-); the function automatically applies the discount.
  4. Discounts apply on top of daily rates, so the final price can be lower than the minimum price.

    Setting Up Weekly/Monthly Discounts on PMS with Length of Stay (LOS) Pricing

    Some PMSs support Length of Stay (LOS) Pricing Adjustments. If your PMS supports LOS pricing, you must configure weekly/monthly discounts using LOS settings in your PMS.

    For details, refer to our Length of Stay Pricing Adjustments.

    FAQs

    1. What is the difference between "Yes" and "Yes - must be set in PriceLabs"?
      1. If a PMS has "Yes - must be set in PriceLabs," you must set up the discounts in PriceLabs. Otherwise, PriceLabs will overwrite any values you set directly in your PMS.
    2. What if my PMS or OTA is not listed?
      1. If your PMS or OTA is not listed, you need to configure the discounts directly in your PMS or listing channel.

    Video


      • Related Articles

      • How to think about and come up with monthly discounts?

        Setting monthly discounts can be a powerful pricing strategy for property managers to attract more mid-term bookings, specially during slower months or off-season periods. In this article, we’ll discuss how to use data to effectively decide and come ...

      • Default Discounts and Premiums

        One way we optimize your pricing is by applying premiums and discounts to specific dates based on availability, occupancy levels, and how close or far the available dates are from today. You might wonder: “Why is there a 20% discount on my orphan ...

      • Pricing Customizations

        PriceLabs provides data-driven pricing recommendations for vacation rentals and Airbnb listings to optimize bookings and revenue. However, we understand that hosts and property managers may want to customize pricing based on their preferences and ...

      • Setting Cleaning Fees, Service Fees and Booking Fees

        Have you ever wondered how PriceLabs handles the various fees associated with your listing? Let us explain. The short answer is: We don't! At PriceLabs, we do not directly manage the fees and discounts related to cleaning, processing, or other ...

      • Different Prices on Your Calendar - Tooltip Explained

        Whenever you hover over any price on your calendar (single listing or multi-calendar), you will see a tooltip. This tooltip will help you understand how every rate in your calendar is calculated along with the customizations applying to that date! ...

      Sign up for training

      To help you get the most out of PriceLabs, we have training webinars in English, Spanish, Portuguese and French. Click here to Register.