You can increase or decrease a listing's accommodation fare by a certain percentage by setting up markups and markdowns. Different percentages can be set for each of your connected booking channels, allowing you to make sure that the relevant service fees are covered for each channel.
Markups and markdowns apply to the listing's nightly rate, base price, and weekend base price, as well as the extra person fee. Follow the instructions below to add a markup to a listing.
Since we are still deploying our new dashboard, follow the instructions for "Legacy navigation" if your search bar is in a blue line above the top navigation bar.
Step by step:
- Sign in to your Guesty account.
- In the top navigation bar, click the mode selector menu and select Financials mode.
- Click Properties.
- Click the relevant listing. For a multi-unit, edit the main settings and the markup will update in all sub-units automatically.
- In the left menu, click Pricing & policies.
- In the drop-down, click Pricing.
- Scroll down to the "Markup/markdown" section.
- Click Edit.
- Turn off the Use your account's default settings toggle, if it's on.
- Under "Markup default value", set a value to apply to booking channels that do not have a specific markup.
- Under each booking channel, edit the markup and note that for Misterb&b listings, the markup is the percentage set for Guesty reservations, which are Booking Website and manual reservations.
- Click Save.
Step by step:
- Sign in to your Guesty account.
- In the top navigation bar, click Listings.
- Click the relevant listing. For a multi-unit, edit the main settings and the markup will update in all sub-units automatically.
- In the left menu, click Pricing & policies.
- In the drop-down, click Pricing.
- Scroll down to the "Markup/markdown" section.
- Click Edit.
- Turn off the Use your account's default settings toggle, if it's on.
- Under "Markup default value", set a value to apply to booking channels that do not have a specific markup.
- Under each booking channel, edit the markup and note that for Misterb&b listings, the markup is the percentage set for Guesty reservations, which are Booking Website and manual reservations.
- Click Save.
If the resulting price is not a whole number, Guesty will round it up to the nearest whole number. For example, if a 3.5% markup is added to a nightly rate of 51 USD, the resulting price will be 51 x 1.035 = 52.785, and Guesty will round that up to 53 USD.
