Mastering Lodgify Series: Configuring your Rental Rates
Summary
AI-generatedThis video explains how to configure short-term rental rates using Lodgify, covering default rates, seasonal adjustments, dynamic pricing tools, fees, taxes, promotions, and add-ons. Hosts will learn to optimize pricing strategies to maximize revenue and attract bookings.
Key insights
Lodgify's rate configuration allows for a default rate as a baseline, which can be overridden by more specific season rates. Season rates take precedence over the default rate.
Mistakes to avoid
Attempting to use Lodgify's Smart Pricing alongside external dynamic pricing tools like Price Labs or Beyond Pricing is not supported; hosts must choose one solution.
Tools & resources
Price Labs, Beyond Pricing, Lodgify Smart Pricingtool
Lodgify integrates with dynamic pricing tools like Price Labs and Beyond Pricing, which analyze market data to automatically adjust rates. Lodgify also offers its own 'Smart Pricing' tool (currently in beta).
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial