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 seasons to ensure your property is competitively priced throughout the year.

Understanding Pricing on Holidu

Your pricing strategy is one of the most important factors in attracting guests and generating revenue. On Holidu, you can set different prices for different seasons and adjust them based on demand, local events, and other factors that may affect bookings.

It's important to note that when you set your prices on Holidu, the currency is automatically determined by your property's location. You cannot manually select or change the currency—it will be set according to your property's country and region.

Accessing Your Pricing Settings

To update your pricing and seasons on Holidu, follow these steps:

1. Log in to your Holidu host account
2. Navigate to your property management dashboard
3. Select the property you wish to update
4. Look for the "Pricing" or "Rates & Availability" section
5. Click to access your pricing management tools

Setting Your Base Pricing

Your base price is the standard nightly rate for your property. This is the price that will be used as a reference point for all other pricing adjustments.

To set your base pricing:

1. Enter your desired nightly rate in the base price field
2. Review the suggested price based on comparable properties in your area (if available)
3. Consider your property's features, location, and local market rates
4. Save your changes

Creating and Managing Seasonal Rates

Seasonal pricing allows you to adjust your rates based on different times of the year. Most properties benefit from higher rates during peak season and lower rates during off-season periods.

Steps to create seasonal rates:

1. In the pricing section, locate the "Seasons" option
2. Click "Add New Season" or "Create Season"
3. Define the season by selecting start and end dates
4. Enter the nightly rate for this season
5. Give your season a descriptive name (for example: "Summer Peak," "Winter," "Spring Break")
6. Save the seasonal rate

Best practices for seasonal pricing:

• Peak Season: Set higher prices during holidays, school vacations, and local events
• Shoulder Season: Use moderate pricing during transitional months with moderate demand
• Off-Season: Lower your rates during quieter months to attract more bookings
• Local Events: Consider increasing prices during major local festivals or events that attract visitors

Adjusting Minimum Stay Requirements

You can set different minimum stay requirements for different seasons. For example, you might require a 3-night minimum during peak season but allow 1-night bookings during off-season.

To adjust minimum stays:

1. Access your pricing settings
2. Find the "Minimum Stay" option for each season
3. Enter the number of nights required
4. Apply the changes

Applying Discounts and Offers

Many hosts on Holidu offer weekly or monthly discounts to encourage longer bookings. These discounts can help increase occupancy rates during slower periods.

To add discounts:

1. Navigate to your pricing management area
2. Look for "Discounts" or "Offers" section
3. Select the discount type (weekly, monthly, or custom period)
4. Enter the discount percentage
5. Set the dates the discount applies
6. Save your changes

Reviewing Your Changes Before Publishing

Before finalizing any pricing updates, take time to review your rates:

• Check that all seasonal dates are correct and don't overlap
• Verify that your currency display is accurate
• Ensure your minimum stay requirements are realistic for your property
• Review the overall pricing structure for competitiveness
• Consider your property's running costs and desired profit margin

Publishing Your Pricing Updates

Once you're satisfied with your pricing and seasonal adjustments, publish your changes to make them live on Holidu. Your new rates will apply to future bookings immediately.

Keep in mind that published rates cannot be applied retroactively to existing reservations—they only affect new bookings going forward.

Monitoring and Optimizing Your Pricing

After you've set your pricing, monitor your booking patterns and occupancy rates. If you notice:

• High occupancy but no inquiry drop-off: Consider raising your prices
• Low booking rates: You may want to reduce prices or increase your promotional offers
• Seasonal patterns: Adjust your seasonal rates based on actual booking data

Holidu provides analytics and booking data that can help inform your pricing decisions over time.

Important Note About Currency

When setting prices on Holidu, remember that your currency is automatically set based on your property's location. You cannot manually change the currency—it will always match your property's registered country or region. All prices you enter will be displayed in your local currency to potential guests.

Need More Help?

If you have questions about pricing strategies or need assistance with updating your rates, contact the Holidu support team. They can provide personalized recommendations based on your property type and location to help you maximize your rental income.