By using the pricing per period setup model, it is possible to apply changes to your listings daily rate based on the moment the guest makes the reservation in relation to their arrival date.
Knowing the most common actions
The most common actions on price changes are the early bird and the last minute discount and in the table below there are more details about each action:
|Early bird discounts (early booking)||It consists of changing the price for guests who book far in advance.|
Remember that when configuring this action, it is important that it is in accordance with your Booking Window Policy!
|I want to give 15% discount for guests who book for between 90 to 120 days from today, as I guarantee future bookings to captivate the partnership with my owners.|
|Last Minute Discounts||It consists of changing the price for guests who book for dates very close to the arrival date of the reservation.|
Remember that when configuring this action, it is important that it is in accordance with your Last Minute Reservations Prevention Policy!
|I want to give 20% discount for guests who book the listings 3 days or less before their arrival date, so I avoid gaps in my stays on my calendar and I take full advantage from my operational team.|
In the pricing per period setup model, it is possible not only to give discounts but also to apply increase in the values, if you want.
How to configure the actions in the rate regions?
Access the [Catalog > Price Rules] menu, select a Rate Region on the left side of the screen and click on + Period, choose the Add Dynamic Price Rule option, fill in the information and save your changes:
Starting Rule Creation
Configuring the Rule
|By clicking on + Period, select the highlighted option to start creating your rule.||On your dashboard, configure the action interval, the discount percentage or price increase and don't forget to activate and save the changes!|
Remember that it is also possible to make dynamic pricing rules custom per listing.
I want to know more...
Now that you already know how to create dynamic pricing rules in your Rate Regions via pricing per period setup model, how about checking out other related subjects?
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