Set rate pricing

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.

1. Go to Main menu > Settings > Services.
2. Select your stay service, then click Rates.
3. Click on the name of the rate you want to set a base price for.
4. Go to the Pricing tab.
5. Click the cell that says Base price, then enter your new base price.
6. 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

1. Go to Main menu > Settings > Services.
2. Select your stay service, then click Rates.
3. Click on the name of the rate you want to adjust prices for.
4. Go to the Pricing tab.
5. 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.
6. 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.
7. 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).
8. Click Update.