Room pricing

Set your price strategy for each room type, making it easier to charge for extra guests.

What you will find here

Not what you were looking for? Search more topics

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.

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€.

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€.

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 cheat sheet

Age categories

In the age categories tab you can add age groups, for which you will be able to set specific price rules in the prices tab.

1. Add the category name.

2. Set the age range, from - to a specific age.

3. Click APPLY.

Once you save it, you will be able to see these categories, under Children, in the price tab for rooms where the maximum and standard values are different.

You can also choose to apply this category or not for each room by using the switch to turn it on or off.

Up ⬆

Want to help us to improve RateBoard? If you have any suggestions, let us know ↗ (link to suggestions form)