Important:
If you are already using another smart pricing tool, it should be deactivated before using PriceOptimizer to avoid pricing conflicts in your calendar.
After starting your 14-day free trial period for Guesty PriceOptimizer, the next step is to review the pricing recommendations and enable PriceOptimizer on your listing(s) as per the below instructions.
To make sure that your listing is eligible, review the geo location and other requirements.
Once activated, the recommended nightly rate will automatically update in the listing's calendar and will recalculate on a daily basis.
If you make manual adjustments to pricing in the multi-calendar it will sync with PriceOptimizer, appearing as a manual price in the pricing forecast graph. Learn more.
Activate PriceOptimizer on a listing
Step by step:
- Sign in to your Guesty account.
- In the top navigation bar, click the mode selector and select Growth mode.
- Click PriceOptimizer.
- Find the listing(s) you want to use PriceOptimizer on. You can search for a specific listing by name or nickname, or use the filters to find the listings that match your specific criteria. Click anywhere in the listing to open its pricing information.
- See the Pricing forecast data by clicking the tickbox for the following views at the bottom of the graph:
- Recommended pricing: Blue line representing PriceOptimizer pricing recommendations.
- Market pricing: Orange line showing the pricing of similar listings in the market
-
Current pricing: Light blue line showing your current listing rates.
- Review the Pricing forecast suggestions:
- Ensure the rates look accurate based on your market.
- Make sure your peak and off-seasons are depicted accurately.
- Set the minimum and maximum price limits.
- In the left menu, click Pricing strategy to open the sub-menu.
- Click on each of the following tabs. At the bottom of the "Pricing forecast" graph in each section, click the tickbox for "Current pricing" and review to compare:
- Base price recommendation
- Price limits by season
- Day-of-week strategy settings
- Seasonal strategy settings
-
Holiday strategy settings
- Once you've reviewed the settings, click the toggle next to PriceOptimizer off to activate.
- In the pop-up, click the blue Activate button to confirm. It is important to note that PriceOptimizer will override any rate strategy rules you may have.
Once activated, the Pricing forecast graph will show the following data:
- Actual pricing: Current pricing relying on the algorithm's suggestion, including strategy adjustments and changes that are made.
- Recommended pricing: The initial algorithm suggestions before any of your own adjustments are made.
- Market pricing: Orange line showing the pricing of similar listings in the market
- Original pricing: Light blue line showing your rates before activating PriceOptimizer.
To display or remove the comparison data, click the tickboxes at the bottom of the graph.
When you hover over dates a pop-up appears as follows:
- For the default trend showing "Actual pricing", the pop-up includes a breakdown of the price (base price, seasonality, day of week, etc):
- When you are comparing more than one data trendline, the pop-up will display the values for these trends on a daily level as shown below:
Step by step:
- Sign in to your Guesty account.
- In the top navigation bar, click
select Guesty PriceOptimizer.
- Find the listing(s) you want to use PriceOptimizer on. You can search for a specific listing by name or nickname, or use the filters to find the listings that match your specific criteria. Click anywhere in the listing to open its pricing information.
- See the Pricing forecast data by clicking the tickbox for the following views at the bottom of the graph:
- Recommended pricing: Blue line representing PriceOptimizer pricing recommendations.
- Market pricing: Orange line showing the pricing of similar listings in the market
-
Current pricing: Light blue line showing your current listing rates.
- Review the Pricing forecast suggestions:
- Ensure the rates look accurate based on your market.
- Make sure your peak and off-seasons are depicted accurately.
- Set the minimum and maximum price limits.
- In the left menu, click Pricing strategy to open the sub-menu.
- Click on each of the following tabs. At the bottom of the "Pricing forecast" graph in each section, click the tickbox for "Current pricing" and review to compare:
- Base price recommendation
- Price limits by season
- Day-of-week strategy settings
- Seasonal strategy settings
-
Holiday strategy settings
- Once you've reviewed the settings, click the toggle next to PriceOptimizer off to activate.
- In the pop-up, click the blue Activate button to confirm. It is important to note that PriceOptimizer will override any rate strategy rules you may have.
Once activated, the Pricing forecast graph will show the following data:
- Actual pricing: Current pricing relying on the algorithm's suggestion, including strategy adjustments and changes that are made.
- Recommended pricing: The initial algorithm suggestions before any of your own adjustments are made.
- Market pricing: Orange line showing the pricing of similar listings in the market
- Original pricing: Light blue line showing your rates before activating PriceOptimizer.
To display or remove the comparison data, click the tickboxes at the bottom of the graph.
When you hover over dates a pop-up appears as follows:
- For the default trend showing "Actual pricing", the pop-up includes a breakdown of the price (base price, seasonality, day of week, etc):
- When you are comparing more than one data trendline, the pop-up will display the values for these trends on a daily level as shown below: