Weekly and Monthly Discounts

PriceLabsFeb 21, 20251m 0s418 viewsScore 75
Pricing & Profitability
intermediate
Pricing Strategy
Revenue Management
Dynamic Pricing
Occupancy
PriceLabs
M

Summary

AI-generated

This video explains how to set up weekly and monthly discounts in PriceLabs to attract longer stays and potentially increase occupancy. The process involves navigating to the Customizations section, enabling the discount options, and entering the desired discount rates. It also notes that the availability of this feature depends on whether your PMS supports it.

Key insights

  • Weekly and monthly discounts can be used as a strategic pricing approach to attract guests.

Mistakes to avoid

  • Don't forget to click 'Save Changes' after setting your weekly and monthly discounts, or they won't be applied.

Tools & resources

  • PriceLabstool

    PriceLabs is a revenue management solution that allows you to set weekly and monthly discounts, among other pricing strategies.

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