To give you the most accurate summary of services in a reservation, the guest folio breakdown displays how much the guest pays per night for the accommodation fare and other line items such as fees and taxes:
Read below to understand how the nightly rates are calculated.
Once a reservation is booked, nightly rates cannot change. The only situation in which the existing nightly rates of the reservation may change is when the nightly rates are updated from a booking channel for future dates.
Accommodation fare nightly rates calculated by the booking channel
Booking.com and Expedia send us the nightly rates with the ratios they defined, and we display them in the guest folio.
Accommodation fare nightly rates calculated by Guesty
When nightly rates are not received by the booking channel, we check what pricing was set on the listing's calendar for the dates that were booked. We then apply the same ratio to the nightly rates of the reservation.
Non-accommodation fare line items' nightly rates
We divide the non-accommodation fare total by the number of nights in the reservation and show nightly rates for these items on a "per night" or "per night per stay" basis. Otherwise, they are displayed as one sum.
Accounting by Guesty users: We calculate the nightly rates for non-accommodation fare line items so it can be used for "nightly" recognition if this setting is defined in the business model.
Example
The reservation has three nights, and the calendar rates for each night is:
- Night 1: $100
- Night 2: $150
- Night 3: $250
The ratio for each night is calendar rate / total accommodation fare:
- Night 1: 0.2
- Night 2: 0.3
- Night 3: 0.5
The price for each night is the nightly ratio multiplied by the accommodation fare, which is $650 in our example:
- Night 1 = 0.2 x 650 = $130
- Night 2 = 0.3 x 650 = $195
- Night 3 = 0.5 x 650 = $325