You can create a pricing structure within a rate by setting a base price, then adjusting that price for each space category within the rate.
Step 1: Set your base price
Set up a rate's base price so you can:
- Ensure that rates of 0 aren't sent to channel managers for reservations in the distant future.
- Derive other prices from your base price. This is especially useful if you're using a revenue management system—check out the revenue management integrations we're partnered with.
- Go to Main menu > Settings > Services.
- Select your bookable service, then click Rates.
- Click on the name of the rate you want to set a base price for.
- Go to the Pricing tab.
- Click the cell that says Base price, then enter your new base price.
- Click
Update
.
Note:
Updating the base price of a rate also updates any prices that are derived from it (for example, if you’ve adjusted the prices per space category).
Step 2: Adjust prices per space category
- Go to Main menu > Settings > Services.
- Select your bookable service, then click Rates.
- Click on the name of the rate you want to adjust prices for.
- Go to the Pricing tab.
- Under the expanded Base price field, find the space category you want to adjust the price for, and click into the cell. Space categories are listed with their short names.
- If you want your price to be adjusted from the base price of another space category, choose it under Base adjustment category.
Your base price will be selected by default. - Under either Absolute adjustment or Relative adjustment, enter the amount you want to adjust the price from the base price/category. Under Absolute adjustment, enter a specific amount (for example, if your base rate is 90 and you enter "-10", the price will be adjusted to 80). Under Relative adjustment, enter a percentage (for example, if your base rate is 90 and you enter "-10", the price will be adjusted to 81).
- Click
Update
.