Creating and editing Rate Strategy rules

The information in this article is relevant only for Pro users at this time.

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 added a fixed amount of 10 for Christmas.

Important:

If the Annual rule checkbox is activated, the check-in/check-out restriction will apply on a yearly basis, including this year and all following years, based on the combination of date(s) and day(s) you selected. For example, if you choose Jan 20 and Wednesday, the rule will only apply in a year when Jan 20 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 added a fixed amount of 10 to 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 a fixed amount of 15 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

Important:

Short Stays rules do not sync with booking channels.

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 or price for guests who stay one or two nights, for instance. Click on Short stays and define the percentage or price 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 copy existing rules from different rate strategies and use them to reduce manual work when creating your new rules:

  1. Click Copy from.
  2. Select the relevant rule(s) or search for them (you will only see rules that are of the type you are currently creating - if you are in "Seasons", for example, you will only be able to copy other "Seasons" rules).
  3. Click the download icon next to each rule you want to copy.
  4. Close the pop-up.

The copied rules will appear immediately, with their original names, but it could take up to 1 hour to reflect in 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.

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

When multiple rules are added to a rate strategy, it is likely that more than one rule will apply to the same date. Learn below how Guesty handles these scenarios.
  • Pricing rules. The rules work together. Learn more.  
  • Minimum night rules. The rules will apply based on a certain order. Learn more.
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