Introduction to pricing settings

Modified on Fri, 17 Sep 2021 at 06:56 AM

This article explains how you can update your property default pricing configuration. 

To update your property pricing settings:

Access the Settings tab of your property.
Click on Manage on the Pricing settings section.

When finished setting up your pricing settings do not forget to click Save.

Here follows a quick explanation of each setting:

Min. nightly rateThis is the default minimum rate you are allowed to set for this property.

The min. nightly rate can be manually modified for certain dates on the Property single calendar however, but it will not be saved if lower than this value.

Base Occupancy: This is by default the maximum occupancy defined when creating the property. You can though change the base occupancy, which means you will be able to add a rate per extra guest until reaching the maximum occupancy. 

The base occupancy can never be higher than the maximum occupancy.

Extra guest rate: This is the flat amount per extra guest per night. It can only be added if the base occupancy is lower than the maximum occupancy.

Payment policies: It refers to your property payment schedule. In this section, you can select your preferable payment schedule in the drop down options. To create a new payment schedule go to Policies in Account Settings.

Security deposit: Also known as Damage deposit and it refers to the value you get if any damages are incurred during the guest stay. You can choose when if you want to hold this amount (automatically or manually) from the guest credit card and when to release the amount. All properties are populated with the default Security deposit setting set up at the Payment settings. 

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