Once a rate strategy has been created, you can add rules that automatically set rate restrictions based on your needs. For example, you can adjust pricing based on holidays, events, and seasons, or optimize occupancy by adjusting minimum nights where gaps exist in the calendar, and more.
See a list of rules along with their setup instructions below in addition to rate strategy conditions.
Important:
To avoid pricing discrepancies, learn how rate strategy works alongside third-party pricing tools, connected booking channels, and other Guesty features, such as a listing's weekly/monthly discounts.
Holidays and events
Create a rate strategy rule for certain holidays and events in which you want to adjust pricing. Click on Holidays and events and Add rule. If a rule has already been added, click the pencil icon to the right of the rule to edit it. Fill in the relevant information. Click the toggle next to Restrict Check-in & out if you'd like to block check-in/out on certain days in the selected date range. When finished, click Save. In the example below, we created a 20% increase in pricing for the Christmas holiday.
Important:
If the Annual rule checkbox is activated, the check-in/check-out restriction will apply on a yearly basis based on the combination of date(s) and day(s) you selected. For example, if you choose Jan 20 and Wednesday, Jan 20 will only be restricted in upcoming years when it falls on a Wednesday.
Seasons
Add rules for different periods of the year, such as high or low seasons. Click on Seasons and Add rule. If a rule has already been added, click the pencil icon to the right of the rule to edit it. Fill in the relevant information. Click the toggle next to Restrict Check-in & out if you'd like to block check-in/out on certain days in the selected date range. When finished, click Save. In the example below, we created a 25% increase for the autumn season.
Recurring days & restricting check-in/check-out
Create a rule to adjust pricing for certain days and restrict check-ins and check-outs on certain days of the week. For example, perhaps you want Fridays to be a higher price than other days of the week and you want to prevent check-ins on Mondays. Click on Recurring days and set your parameters. When finished, click Save. In the example below, we created a 15% increase for Fridays and Saturdays and restricted check-in on Mondays and Sundays.
Upcoming availability
Adjust pricing and minimum nights for any available days within a defined time period with Upcoming availability. Click on Upcoming availablity and Add rule. If a rule has already been added, click the pencil icon to the right of the rule to edit it. Fill in the relevant information. When finished, click Save. The price adjustment will apply to any reservation with a check-in date that falls within the defined start/end range.
Customized gaps
Add rules that adjust prices on gaps of available days at your properties between specific dates. For example, you can increase occupancy between reservations by reducing the price by 5% for two day gaps (or less) on the calendar. Click on Customized gaps and Add rule. If a rule has already been added, click the pencil icon to the right of the rule to edit it. Fill in the relevant information. When finished, click Save.
Short stays
Short stays allow you to increase pricing for shorter reservations based on the exact number of nights. This strategy is ideal if you'd like to charge a higher percentage of your base price for guests who stay one or two nights, for instance. Click on Short stays and define the percentage increase and number of nights based on your needs. Click + Add to add another short stay rule. Click Save.
Note
Short Stays will not override your minimum nights setup.
Copying rate strategy rules
If relevant, you can reduce manual work by copying existing rules from one rate strategy to another. When adding a new rule, click Copy from. Select the relevant rule(s) or search in the search bar. Click the downward arrow icon next to the rule(s) you want to copy. Exit out of the pop-up. The changes will be shown in Guesty immediately but might take up to one hour to reflect in the connected booking channels.
How rules work with a listing's weekly and monthly discounts
If you add weekly or monthly length of stay discounts to a listing in Guesty, these discounts will be applied in addition to the prices calculated by rate strategy rules. Learn more.
Note:
If you set both a weekday and weekend base price, your rate strategy rules will apply to each price separately, based on the day of the week.
If you set just a weekday base price, your rate strategy rules will calculate the final price based on that price. For example, you can use a rule for recurring days to calculate the weekend base price.
Rate settings and optimizing occupancy
Use rate settings to set a minimum and maximum percentage that a rate can change by. Optimizing occupancy allows you to increase a listing's occupancy by automatically adjusting minimum nights to fill in gaps in the calendar.
Handling multiple rules for the same dates
- Pricing rules. The rules work together. Learn more.
- Minimum night rules. The rules will apply based on a certain order. Learn more.
Tip:
To avoid under or over-pricing, you can choose minimum and maximum percentages that a rate can automatically change by. Learn more.
