We covered managing your price settings in more detail in this article. This post will focus on the differences between Default, Seasonal and Event price settings.
What are the different types of price settings?
Default Price Settings
The minimum & maximum price for each of your inventory types for each day of the week (you can specify different min/max prices for a Tuesday vs a Friday).
Seasonal Price Settings
Create an additional set of seasonal price settings to accommodate for any seasonal pricing strategies.
Event Price Settings
For high- or low-demand events where you have a very specific pricing strategy in mind, use the Event price settings.
Very important during any time the property is physically closed e.g. during renovation or perhaps during the onboarding of a property that is not yet open but selling while you connect our platform
This indicates to our engine, that the movement for those dates is specifically due to the property being closed and it will treat the data as such.
What is the hierarchy of price settings?
To begin, you can find your price settings in the "Calendar" feature ⬇️
These are colour-coded in your calendar outline and it is important to note that a season will override your default price settings and an event will override both your default price settings and any seasons that are in place ❄️ ☀️ 🍂
You can use the below outline as a real-world example!
The Easter Event price settings will override both the Spring and Default price settings for the duration of the Event.
The Spring Season price settings will override the Default price settings for the duration of the Season, and will not apply to dates that overlap with the Easter Event.
The Default price settings will not apply throughout the duration of the Spring and Easter price settings. Any dates without Seasonal or Event price settings will follow the Default price settings.