Orphan Day Prices

PriceLabsFeb 21, 20252m 29s870 viewsScore 75
Pricing & Profitability
intermediate
orphan day pricing
dynamic pricing
revenue management
price optimization
short-term rental pricing
M

Summary

AI-generated

This video explains how to use PriceLabs' 'Orphan Day Prices' feature to automatically adjust rates for single or double open nights between bookings. Hosts can set fixed prices or percentage-based discounts/premiums for weekdays and weekends to fill calendar gaps and maximize revenue.

Key insights

  • By default, PriceLabs applies a 20% discount to gaps of one or two nights, but this can be customized.

Mistakes to avoid

  • Failing to customize orphan day pricing might result in leaving money on the table by offering a default discount that is too high or not strategically applied.

Tools & resources

  • PriceLabstool

    PriceLabs offers a revenue management solution that uses automation and market data to maximize rental income.

Frequently Asked Questions

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