Extra Person Fee

PriceLabsFeb 21, 20251m 34s184 viewsScore 75
Pricing & Profitability
intermediate
extra person fee
PriceLabs
dynamic pricing
revenue management
short-term rental pricing
M

Summary

AI-generated

This video explains how to set up an extra person fee for short-term rentals using PriceLabs. Hosts will learn about the two available fee structures: fixed amounts and percentage-based fees, and how to configure them within the PriceLabs platform.

Key insights

  • The hotel and rental industry commonly imposes extra fees for guests exceeding a base number, a practice supported by PriceLabs' customization feature.

Mistakes to avoid

  • If the 'Extra Person Fee' option is not visible in PriceLabs, it indicates that your integrated Property Management System (PMS) does not support this feature, preventing its setup.

Tools & resources

  • PriceLabsplatform

    PriceLabs is a revenue management solution that uses automation and market data to help property managers maximize revenue by managing pricing and minimum stay restrictions.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial