Set your price strategy for each room type, making it easier to charge for extra guests.
| Anchor | ||||
|---|---|---|---|---|
|
What you will find here
| Table of Contents |
|---|
Not what you were looking for? Search more topics
| Live Search | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
For each room type, you can set a strategy by defining:
Minimum, standard and maximum amount of guests.
Price for fewer guests.
Price for extra guests.
Price for children.
Amount of guests
Here you can set the minimum, standard and maximum amount of guests. By doing that, you will be modifying the extra room pricing options available, for example, the price for extra guests will only be available if the maximum number of guests is bigger than the standard.
Different minimum, standard and maximum amount of guests.
Same standard and minimum amount of guests.
Same standard and maximum amount of guests.
Fewer guests
When there is a variance between minimum and standard occupancy, the price for fewer guests must be calculated. You can do that by percentage, offset standard or offset person.
Percentage
The percentage will be calculated based on the standard price for 1 person. That means that the standard price will be divided by the standard amount of guest and then have the percentage applied to it.
Example 1: If the standard is set as 2 guests for 300€, then the price for one guest set to 120% would be 300/2 * 120% = 180€, that means that a single guest would pay 180€.
Example 2: If the standard is set as 4 guests for 600€, then the price for one guest set to 150% would be 600/4 * 150% = 225€, that means that a single guest would pay 225€.
| Info |
|---|
You can check the set standard prices on Pricelevels. |
Offset standard
Define a fixed price that will be deducted from the standard price.
Example 1: If the standard is set as 2 guests for 300€, then the price for one guest set to 100€ offset standard would be 300 - 100€ = 200€, that means that a single guest would pay 200€.
Example 2: If the standard is set as 3 guests for 600€, then the price for two guests set to 150€ offset standard would be 600 - 150€ = 450€, that means that two guests would pay 450€.
Offset person
Define a fixed price that will be added to the standard price for 1 guest.
Example 1: If the standard is set as 2 guests for 300€, then the price for one guest set to 30€ offset person would be 300/2 + 30€ = 180€, that means that a single guest would pay 180€.
Example 2: If the standard is set as 3 guests for 600€, then the price for two guests set to 60€ offset person would be 600/2 + 60€ = 360€, that means that two guests would pay 360€.
Extra guests
When there is a variance between maximum and standard occupancy, the price for extra guests must be calculated. You can do that by percentage or fixed value.
Percentage
The percentage will be calculated based on the standard price for 1 person. That means that the standard price will be divided by the standard amount of guest and then have the percentage applied to it.
Example 1: If the standard is set as 2 guests for 300€, then the price for one extra guest set to 80% would be 300/2 * 60% = 90€ + standard, that means that a group of 3 guests would pay 390€.
Example 2: If the standard is set as 4 guests for 600€, then the price for one extra guest set to 40% would be 600/4 * 40% = 60€ + standard, that means that a group of 5 guests would pay 660€.
| Info |
|---|
You can check the set standard prices on Pricelevels. |
Fixed
You set a fixed value for each extra guest.
Example 1: If the standard is set as 2 guests for 300€ and the extra guest is set to 80€, a group of 3 people would pay 380€ and a group of 4 would pay 460€.
Formulas sheet cheat
Type | Amount of guests | How to calculate | ||||||
|---|---|---|---|---|---|---|---|---|
Percentage |
|
| ||||||
Offset standard |
|
| ||||||
Offset person |
|
| ||||||
Percentage |
|
| ||||||
Fixed |
|
|
Want to help us to improve RateBoard? If you have any suggestions, let us know ↗ (link to suggestions form)
