New Features in Pricing Management at BedBooking – Multi-Pricing Tool
The BedBooking team continuously develops its tools to address the challenges faced by our users. Thanks to your valuable feedback and suggestions, we have introduced a new version of our pricing tool—more intuitive, flexible, and tailored to the modern needs of the short-term rental industry. The updated pricing tool is designed to make managing prices and availability across various booking platforms simpler, faster, and more efficient.
“Multi-Pricing Tool” literally means “multiple pricing in one.” The concept behind Multi-Pricing is to enable users to manage the prices of their properties across multiple channels using a single tool.
Discover the exact changes we’ve made and explore the opportunities offered by the upgraded pricing tool.
The New Pricing Tool: A Response to User Needs
Here are the key changes and functionalities we’ve introduced:
1. Set Separate Prices for Booking.com and Airbnb
The Multi-Pricing Tool allows you to set individual prices for different booking platforms. Now, you can fully control your pricing strategy by offering different rates on Booking.com, Airbnb, and the BedBooking system. This is the perfect solution for those looking to differentiate prices by booking channel, helping maximize profits.
2. “Commission and Availability” Feature
For users who don’t want to set prices manually for each channel, we’ve introduced the “Commission and Availability” feature. It allows you to automatically increase prices on Booking.com and Airbnb by a specified percentage or amount compared to prices in BedBooking. This simple tool makes it easy to adjust prices for different platforms without manual input.
The “Commission and Availability” feature offers two modes:
Global Commission and Availability – In this mode, you can now set a percentage price increase that will apply to all pricing plans on Booking.com and Airbnb. Additionally, this percentage can be set separately for each platform, allowing for even more precise pricing strategy adjustments.
Local Commission and Availability – Advanced users can set individual percentage and/or fixed commission adjustments for each pricing plan on Booking.com and for each Airbnb listing. This is ideal for those who want full control over their pricing policy.
3. One Pricing Grid for All Platforms
A major improvement in the new pricing tool is the ability to view prices across different platforms in one place. Managing prices is now much simpler and more intuitive. In one view, you can compare the rates offered on BedBooking, Booking.com, and Airbnb, enabling quicker decisions and better alignment with market conditions.
4. Automatic Transfer of Existing Pricing Settings
JIf you’ve been using BedBooking for some time, you might wonder what will happen to the prices you’ve already entered into the system. Don’t worry—none of your data will be lost. Thanks to automatic migration of settings, users don’t need to re-enter data manually—the pricing tool will automatically transfer your existing prices. This ensures a seamless transition to the updated version.
The New Pricing Tool: Greater Opportunities
The introduction of the Multi-Pricing Tool is a step towards even better automation in short-term rental management. With new functionalities, property owners have more control over their listings and can respond more effectively to changing market conditions.
Key benefits of using the Multi-Pricing Tool include:
Save Time and Reduce Errors
Automatically updating prices and availability across platforms allows you to focus on other aspects of rental management, such as customer service or optimizing your offerings. With multiple options available in a single Multi-Pricing Tool, you can make decisions about your rental strategy more quickly and efficiently. The new tool automates many processes that previously required manual intervention, saving you time and significantly reducing the risk of errors.
Greater Flexibility in Pricing Strategy
With the ability to set different prices for each booking platform, you can manage your pricing strategy more precisely. For example, you can set lower prices on BedBooking to attract direct bookings via the calendar link or website, avoiding fees charged by external platforms. Simultaneously, you can offer higher prices on Booking.com and Airbnb, where intermediary costs are higher.
Full Control Over Availability and Restrictions
The new pricing tool lets you set requirements such as minimum stay duration, last-minute booking windows, and restrictions on arrival and departure days. This provides complete control over your property’s availability based on the season, demand, or chosen marketing strategy.
Increase Profits
Flexible tools for managing prices and availability allow you to better adapt your offering to market conditions, directly translating to higher revenue. As a property owner, you now have a tool that enables you to quickly respond to changes in demand, raising prices during periods of high interest and lowering them to boost occupancy during slower times.
How to Implement the New Pricing Tool: Step-by-Step Guide
To use the new pricing tool in BedBooking, follow these simple steps:
Step 1: Navigate to the menu and click Pricing -> Set Prices
Step 2: Click “Activate New Pricing Tool”
Step 3: Configure and Personalize the Pricing Tool
Go to the Pricing settings to enable and customize additional features.
By personalizing prices, you can adjust them to different needs, such as setting different weekend rates, prices for children, or rates depending on the number of guests.
Additional Features in the Pricing Tool
Another helpful function in pricing management is the ability to set availability restrictions. For example, you can set a minimum stay duration or block check-ins on specific days. Personalizing prices and enabling availability restrictions add extra fields to the price editing window. This allows you to easily set prices and availability restrictions for specific rooms and dates.
Step 4: Enable Commission for Booking.com and/or Airbnb
If you’re connected to Booking.com and/or Airbnb, the “Commission and Availability” feature can be very useful. It allows you to automatically raise prices to account for the commission charged by these platforms. Additionally, the set availability restrictions will also be sent to these platforms.
Step 5: Populate Prices
Click on a specific day in the pricing grid for a given room. A price editing window will open, allowing you to adjust prices and availability restrictions for selected dates.
Multi-Pricing Tool: Built Together with Our Users
Together with our users, we strive to make BedBooking the most advanced and user-friendly platform for managing short-term rentals.
The new pricing tool makes BedBooking an indispensable tool for property owners looking to optimize their operations, increase revenue, and minimize errors in managing short-term rentals.
If you want to learn more about the Multi-Pricing Tool, you can find detailed instructions and settings [HERE].
