This page is about the menu PRICES and gives on overview on prices. 

1 General

To show/send availability the system needs a price for the guests selection. If you have no prices for a certain date the system will show no availability. For this reason it is important to keep prices up-to-date.

Tip The price wizard will guide you through the price set up.

The system has two types of prices:

• Daily Prices
• Rates

Which type you use depends on your pricing structure:

1.1 Daily Prices

Daily Prices are prices for one date. Up to four prices per date can be defined for example for different occupancies.

If you want to dynamically adjust prices on a daily basis it is best to use daily prices.

If you have more complex rules rates can be used.

This setup wizard guides you though the setup.

1.2 Rates

Rates have a start and end date so they apply to a range of dates. Rates contain more rules about the conditions which must apply to make them available. Multiple rates can be used to create complex pricing structures. If multiple rates are available for the same dates the rules of each rate will determine which rate is offered.

Use rates instead of daily prices:

• to fill gaps when a minimum stay is required
• if you want to allow guest to enquire when no price can be found but the room is not fully booked
• for agent prices
• for referrer discounts

1.3 Combination on Daily Prices and Rates

It is not necessary to use both daily prices and rates but a combination of daily prices and rates can be used to fine tune pricing structures.

• For example Daily Prices can be used to override the price and conditions of a rate for individual dates.
• The booking rules for your rates and daily prices will determine which daily price or rate will be used.

Rules in rates have no effect on daily prices.

1.4 Set up Prices

Click on the links below for further details.

The Rate Wizard guides you through the price set up.

1.5 Multiplier

You can add a "Multiplier" in the CALENDAR to increase or lower all prices on a certain day or date range.If you use rates you can deactivate the multiplier by setting "Allow Multiplier" = No in the Summary tab of the rate.

For most channels a "Multiplier" can be set in in channel manger settings. Check the channels help pages for instructions.

A multiplier for the booking page is available in SETTINGS->BOOKING ENGINE->BOOKING PAGE.

1.6 Check Prices

The 'Price Check Tool' shows you which prices and rules apply for specific dates/selections and why a certain price or rule was applied or not applied.

2 Prices for OTA channels and your own booking page

Prices are used for the channels and/or the Beds24 booking page according to what is ticked under "Enable" in the daily price settings or the "Channels" tab of a rate.

See this help page for specific information on how to set prices for OTA channels.

3 Dynamic Prices

If you want to adjust your prices dynamically you have following options:

• Use Daily Prices and manually adjust prices as required
• The Beds24 Yield Optimizer (SETTINGS->YIELD OPTIMIZER) automatically adjust prices based on demand shortly before check-in.
• Our partners Pricelabs (SETTINGS->APPS&INTEGRATIONS->PRICELABS) and RoomPriceGenie (SETTINGS->APPS&INTEGRATIONS->ROOMPRICEGENIE) can can automatically send daily prices to Beds24.