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2) Beds24 accepts your request - nothing changes you are still bookable according to the prices inventory you have set in the Booking.com extranet
Between step 2 and 3 you can should map your rooms and rates, check everything and import existing bookings from Booking.com to block the booked dates.
3) You enable the connection in Booking.com - this is when Booking.com removes your inventory and rates and you are temporarily not bookable.
If you do not have valid prices the the channel manager will not be able to send availability.
==Multiple Rates==
