Last minute pricing allows you to review and customize the impact of last minute bookings on your pricing strategy. See full details here on how to access and adjust your PriceOptimizer settings.
Setting last minute pricing discounts can help you avoid vacancies and increase bookings for the immediate short-term timeframe.
The impact will be derived as follows: % of (base price + other dynamic factors) = Last minute impact.
Select Automatic pricing impact to use the recommended pricing from PriceOptimizer's algorithm. Keep the recommended pricing or take a more conservative approach (20% lower) or a more aggressive approach (20% higher).
Select Fine-tune pricing impact to fine-tune the algorithmic suggestions for specific increments from check-in, as shown here:
For example:
Base price: $265
Seasonal impact: increase by $340
Day-of-week impact: decrease by $57
The base price price plus these two dynamic factors = $548
The last minute impact is made to the above price:
Within 5 days before check-in, the actual pricing is $438 ($548-20%)
In the main Pricing forecast graph, you can see "last minute" as a separate calculation (rounded up to the nearest whole amount):
