How can I update my pricing & seasons?

Managing your property's pricing and seasonal rates is essential for maximizing your rental income on Holidu. This guide will walk you through the process of updating your pricing and setting up seasonal pricing adjustments.

Understanding Pricing and Seasons

Your pricing strategy on Holidu allows you to set different rates for various periods throughout the year. Seasonal pricing helps you optimize revenue by adjusting rates based on demand, local events, holidays, and travel patterns in your area.

How to Update Your Pricing

Accessing Your Pricing Settings

To update your pricing on Holidu, follow these steps:

1. Log in to your Holidu host account
2. Navigate to your property dashboard
3. Select the property you wish to update
4. Go to the "Pricing" section

Setting Your Base Price

Your base price is the standard nightly rate for your property. This rate applies to dates that are not covered by seasonal adjustments.

To set your base price:

1. Click on "Base Price" in your pricing settings
2. Enter your desired nightly rate
3. Confirm your changes

Important Note: Holidu uses your property's location currency. You cannot change the currency type when setting your prices. All pricing must be entered in the currency associated with your property's location.

Creating and Managing Seasons

What Are Seasons?

Seasons allow you to set specific price rates for defined time periods. For example, you might charge higher rates during summer months or holiday periods, and lower rates during off-season.

How to Add a New Season

Follow these steps to create a new seasonal pricing period:

1. Go to your property's pricing section
2. Click on "Add Season" or "Create New Season"
3. Select your season name (for example: "Summer," "Holiday Peak," "Winter Off-Season")
4. Choose your season start date
5. Choose your season end date
6. Set the nightly price for this season
7. Save your season

Editing Existing Seasons

To modify a season you've already created:

1. Navigate to your pricing settings
2. Find the season you want to edit from your seasons list
3. Click the edit button (pencil icon)
4. Update the dates, price, or season name as needed
5. Save your changes

Deleting a Season

If you no longer need a seasonal pricing period:

1. Go to your seasons list in the pricing section
2. Find the season you want to remove
3. Click the delete button
4. Confirm your deletion

Once deleted, the base price will apply to those dates.

Best Practices for Pricing and Seasonal Adjustments

Research Local Demand

Consider local events, holidays, school vacations, and weather patterns when setting your seasonal prices. Properties in ski destinations, beach areas, or tourist destinations may have different peak seasons than standard holiday periods.

Competitive Analysis

Review comparable properties in your area to ensure your pricing remains competitive. Rates that are too high may reduce bookings, while rates that are too low may leave money on the table.

Plan Ahead

Set up your seasons well in advance so potential guests can see your pricing when making booking decisions. Most experienced hosts plan their pricing calendar 6-12 months ahead.

Test and Adjust

Monitor your booking patterns and adjust your pricing accordingly. If you notice certain periods have fewer bookings, you might consider reducing your rates slightly to attract more guests.

Currency Considerations

When entering prices on Holidu, remember that the currency is automatically set based on your property's location. You cannot change the currency type manually. All prices must be entered in the correct currency for your region. Ensure you understand the exchange rates if you're managing multiple properties in different locations.

Saving and Confirming Changes

After updating your pricing or seasons, always take a moment to review your changes before confirming. Once you save your pricing updates, they will immediately be reflected on your property listing on Holidu, and potential guests will see your updated rates.

Troubleshooting Common Issues

Changes Not Appearing

If your pricing updates don't appear immediately on your listing, try refreshing your browser or clearing your cache. Changes typically appear within a few minutes.

Overlapping Seasons

Holidu does not allow overlapping season periods. If you attempt to create a season with dates that overlap an existing season, you will need to adjust the dates of one of the seasons.

Price Display

Remember that guest-facing prices may include additional fees, taxes, or service charges depending on your region and Holidu's pricing structure. The base price and seasonal prices you set are the foundation, but final guest prices may vary.

Summary

Updating your pricing and seasons on Holidu is straightforward and essential for optimizing your rental business. By setting appropriate base prices, creating strategic seasonal rates, and regularly reviewing your pricing strategy, you can maximize occupancy and revenue. Remember that currency is fixed based on your property location, so enter all prices in the designated currency for your region.

For additional support with your pricing strategy or if you encounter any issues, don't hesitate to contact Holidu customer support. We're here to help you succeed as a host.