Starting prices are the foundation of your pricing strategy. You can view and modify them through the left side navigation bar by selecting Accommodations and then, on the landing page, Starting prices.
These prices cover a minimum period of 7 days and do not consider events, holidays, days of the week, or the occupancy rate. Unlike the prices suggested by the strategy, they are not dynamic and remain unchanged over time, except for manual updates.
Prices are calculated using available market data and the Booking.com listings provided during configuration. They always cover a minimum time frame of 500 days from today's date and can be modified at any time.
How can starting prices be modified?
- After selecting Starting prices in the Room types section within Accommodations, you can click on the desired room type. This action will open a panel containing all future starting prices.
- By selecting one of the periods in the list, you can modify the duration of the period using the calendar and the starting price associated with the entire interval. If the selected period includes dates that already belong to other periods, the latter will be automatically updated to exclude the overlapping dates, thus avoiding conflicts. Afterward, you will need to click on Confirm at the bottom right.
If you instead select fewer dates than originally planned in the period, suspended periods will be generated (highlighted in yellow), which will need to be modified before you can proceed with saving.
By clicking on such periods, several quick options will be available, such as adding a period to the previous one, to the next one, or assigning a new starting price. - After making the desired changes, you need to click on Save at the top right to confirm.
Is it possible to create derivations between room types?
Yes, the starting price can be derived using the Base room setting, accessible after selecting the room type to be modified in the Properties, Starting prices section.
In this section, you can select the Base room from which to copy the settings and define a Rule, adding or subtracting an amount in euros or as a percentage. Please note: the difference between the rules must be at least €1, therefore the periods cannot be identical.
Is it possible to make bulk changes to starting prices?
Certainly, Smartpricing allows you to perform bulk changes to copy periods and prices among the different available room types.
- By selecting the small squares to the left of the various periods, you can highlight them. Using the Select all button you can copy all periods with a single click.
- Once selected, the periods can be copied using the Copy button located at the bottom.
- In the panel that opens, you can copy the selected Periods to other rooms, copying only the dates. This will create suspended periods (highlighted in yellow) that will subsequently need to be modified.
- In the same panel, it is also possible to copy the selected Periods and prices to other rooms (or to the same one), copying both the periods and the prices and applying a rule that allows you to add or subtract an amount in euros or as a percentage. Tip: this function is particularly useful for uniformly modifying all the starting prices of a specific room by a preset amount for all current and future dates.
- Finally, you need to press Confirm and then Save at the top right to make all the changes effective.