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 walks you through the process of updating your pricing and setting up seasonal adjustments to reflect market demand throughout the year.

Understanding pricing and seasons on Holidu

Pricing on Holidu allows you to set different rates based on the time of year and demand. Seasons help you organize your rates into logical periods, such as peak season, shoulder season, and off-season. By configuring your pricing and seasons effectively, you can optimize your earnings and remain competitive in your market.

How to update your pricing

Follow these steps to update your nightly rates on Holidu:

1. Log in to your Holidu host account
2. Navigate to your property settings
3. Select the pricing section
4. Enter your base nightly rate
5. Set minimum stay requirements if applicable
6. Apply any additional fees (cleaning, service fees, etc.)
7. Click save to confirm your changes

Your new pricing will take effect for future bookings immediately after saving. Note that the currency for your pricing is automatically determined by your property's location and cannot be changed manually. This ensures consistency and prevents conversion confusion for guests booking your property.

How to set up and manage seasons

Seasons allow you to apply different pricing rates during specific periods of the year. Here's how to create and manage seasons:

1. Access your property's pricing settings
2. Look for the seasons section
3. Click on add new season
4. Enter a season name (for example, summer peak, winter low season)
5. Set the start and end dates for the season
6. Enter the nightly rate for this season
7. Save your season configuration

You can create multiple overlapping seasons to capture different pricing periods throughout the year. Seasons take priority over your base rate, so any dates covered by a season will use the season's pricing instead.

Best practices for pricing strategy

To help you maximize your rental income, consider these pricing best practices:

• Research local market rates to ensure your pricing remains competitive
• Adjust pricing based on local events, holidays, and peak travel seasons
• Consider offering discounts for longer stays to attract extended bookings
• Update your pricing seasonally at least three to four times per year
• Monitor booking patterns and adjust rates accordingly
• Test different price points to find the optimal rate for your property

Viewing and modifying existing seasons

To edit or remove existing seasons on your Holidu property:

1. Go to your property pricing settings
2. Locate the seasons you wish to modify
3. Click on the season to open its details
4. Update the dates, name, or pricing as needed
5. Delete the season entirely if it's no longer needed
6. Save your changes

Changes to existing seasons will apply only to future bookings. Already confirmed reservations will maintain their original quoted price.

Important reminders about currency

When setting your prices on Holidu, remember that you cannot manually select or change the currency for your property. The currency is automatically set based on your property's location and the market where it's listed. This automatic system ensures that guests see prices in the appropriate local currency and prevents any confusion during the booking process. Always verify that the currency displayed matches your property's location before finalizing your pricing updates.

Frequently asked questions about pricing and seasons

Can I set different prices for weekends and weekdays?

You can create separate seasons for weekends and weekdays by setting up overlapping seasonal periods with different pricing rates. This allows you to capture higher demand on weekends if your market supports it.

What happens if I update my pricing after receiving a booking?

Your pricing updates only affect new bookings going forward. Guests with confirmed reservations will always pay the rate that was quoted at the time of their booking, regardless of any price changes you make afterward.

How often should I update my pricing?

We recommend reviewing and updating your pricing at least seasonally, or more frequently if you notice significant market changes. Regular price adjustments help you stay competitive and maximize occupancy rates.

Can I see a history of my previous pricing changes?

Check your property settings and pricing history section for a record of past pricing updates. This helps you track trends and make informed decisions about future adjustments.

Next steps

After updating your pricing and seasons, monitor your booking activity closely. Track which price points generate the most bookings and adjust your strategy accordingly. For additional support with pricing optimization, contact the Holidu support team through your host account.