Configuring Pricing & Discounts

1. What is Pricing in Rentals?

• Pricing in Rentals is dynamic — it adapts based on conditions like date ranges, booking durations, or rental quantity.
• Your pricing setup consists of:
• - Base Price: The foundational rate for each listing or variant.
• - Security Deposit (optional): Refundable or card-on-file charge.
• - Advanced Pricing Rules: Conditional rules that adjust the price based on time, duration, or demand.

2. How to Configure Pricing

• 1. Navigate to Calendar Settings > Rentals.
• 2. Click the Edit (Pencil) icon next to the listing you would like to edit.
• 3. Select the Inventory & Pricing tab.
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• Here you can define the default amount charged (Base Price) and enable Security Deposits (if enabled in Global Settings).
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3. Advanced Pricing Rule Types

• Click Advanced Pricing to set up rule-based pricing adjustments:
• - Seasonal Pricing: Modify the base rate for specific date ranges (Percentage or Flat rate).
• - Day of Week Pricing: Adjust pricing based on the day of the week (e.g., higher demand on weekends).
• - Hour of Day Pricing: Modify prices based on the time of day (applies only to Hourly booking units).
• - Duration Discounts: Reward customers for booking longer rental periods (e.g., 10% off for 7+ days).
• - Quantity Discounts: Reduce the per-unit cost when customers rent multiple units of the same listing.
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4. Stacking Order (Rule Application Priority)

• Pricing rules are evaluated in the following sequence:
• 1. Base Price (Always)
• 2. Seasonal Pricing (Overrides base price temporarily)
• 3. Day of Week Pricing (Adjusts running total after seasonal)
• 4. Hour of Day Pricing (Additional adjustments for hourly units)
• 5. Duration Discounts (Reduces total price after time-based adjustments)
• 6. Quantity Discounts (Reduces per-unit rate at checkout)

Search Tags

• Tags: pricing, discounts, seasonal pricing, duration discounts, quantity discounts, rentals, advanced pricing rules