The new pricing structure in our booking system makes it easier to set up, adjust, and manage your rates. The redesigned rate overview gives you better insight into your prices and occupancy, helping you respond more quickly to changes.
In this article, you'll discover the benefits of the new pricing structure and learn how to set it up and activate it step by step.
Benefits of the new pricing structure
The new pricing structure offers several advantages over the previous approach:
More visibility and control over your rates.
See daily occupancy directly in the rate overview.
Set up or update multiple rates at once using bulk editing.
Easily copy rates to other accommodations.
Use derived rates that automatically adjust when your base rates change.
Respond more quickly to periods of lower or higher occupancy.
Before you begin
Before using the new pricing structure, please contact [email protected]. We first need to enable this feature for your account.
We recommend setting up the new pricing structure for your next season. In addition, make sure there is a temporary overlap between the old and new pricing structures. We recommend using an overlap that is approximately the same length as your longest stay duration. This ensures that existing reservations and price calculations continue to work correctly during the transition.
Step-by-step guide: setting up the new pricing structure
Before you can use the new pricing structure, you need to configure a few settings. Once these are in place, you can start entering and managing your rates. Follow the steps below in the recommended order.
1. Initial setup
Before entering your rates, you need to set up rate groups, rate periods and rate profiles.
Set up rate groups
Rate groups allow you to use different rates for different situations, such as rates for property owners or tour operators.Set up rate periods
Rate periods allow you to apply the same rates to different dates, such as all periods that fall within your high season.Set up rate profiles
A rate profile determines which length of stay a rate applies to. For example, you can create nightly rates, weekend rates (3 nights), midweek rates (4 nights), or weekly rates.
2. Setting up and managing rates
Once the initial setup is complete, you can start entering and adjusting your rates.
Using the rate overview
Learn how the rate overview works and where to view your prices and occupancy.Bulk editing rates
Set up multiple rates at once or update existing rates.Derived rates
Use existing rates as the basis for other rates. Derived rates automatically adjust when you change the base rate.Bulk duplicate rates
Copy existing rates to other accommodations or rate groups without having to enter them again.
3. Setting up rates per person
In addition to standard rates, you can also set up rates per person. This feature was previously known as additional rates. Learn how to configure and manage these in our article on Rates per person.
4. Additional features
Once your rates are configured, you can use additional features to review and manage them.
Version control: View different versions of your rates.
Activating the new pricing structure
Once you have completed all required settings, you can activate the new pricing structure.
Go to Settings > Account > General.
Open the Others tab.
Scroll to the Rates section.
In Rates per period (Legacy), you will see the old pricing structure, which is configured from 1970 by default. You do not need to change this setting.
Next to Rates per date, enter the arrival date from which you want to start using the new pricing structure.
Click Add.
Click Save in the top-right corner of the page.
From the selected arrival date onwards, the system will automatically use the new pricing structure.
You can also choose how prices should be rounded using the setting below this section.
