Configure your default rate settings

This article explains how to set the default rate of your rentals and configure certain conditions for bookings and stays. To read about setting up season rates click here. To read about adding multiple fees and taxes to your rates click here.

๐Ÿ’ก Note: Each rental must have a default rate configured. This rate will be used to calculate booking costs during periods in which no season rate applies or when the connection to an external rate source like Pricelabs gets disconnected.
๐Ÿ’ก Note: The default rate must be configured even if you want to restrict bookings only to the periods of your season rates. To restrict your availabilities to certain periods, you can use our Booking Window feature and create Closed periods.

Read about:

As the default rate also functions as the fall-back rate for when no season or external rates apply, we recommend configuring your mid-season pricing in the default rate. You can amend the rate name accordingly.

To configure your default rate:

  1. Go to your Main Menu in the top left corner and select Rentals.
  2. Select the rental you wish to edit and select Rates.
  3. Now configure your default rate using the following settings:

*Click on any of the pictures in the table to enlarge their size.

Setting Notes

Default rate name

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To rename your default rate, click on the text bar and replace Default Rate with the name of your choice.

Currencies
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Select the default currency for the rental. This will determine the currency in which you will see prices displayed in the rental's bookings in the reservation system.

๐Ÿ’ก Note: The currency in which guests see prices corresponds to their location. If you want all guests to see prices in a specific currency regardless of their location, please contact us at help@lodgify.com.

Price per night

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Enter the nightly rate of your rental. 

๐Ÿ’ก Note: This is a required field, even if you also configure a price per weekday. 

Price per weekday

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If you wish to charge a different nightly rate depending on the day of the week, switch the button on and enter the rate for each weekday.

Length-of-stay prices

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If you wish to offer a weekly and/or monthly rate, switch the button on and enter the rate per week and/or month.

If you wish to offer a rate for a custom period, tick the box and enter the number of nights for which this rate will apply. Enter the rate for this period. (Not recommended)

๐Ÿ’ก Note: If you have the legacy feature to Give guests the best prices, please be aware that this feature is no longer available for new rentals.

 Minimum stay

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If you wish to set a minimum stay, enter the minimum number of nights a booking must meet. 

๐Ÿ’ก Note: If you have multiple rental types, you can enter a minimum stay per rental type.

Minimum stay per weekday

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If you want to set a minimum stay per weekday, enter the minimum number of nights a booking must meet depending on the day of check-in. 

๐Ÿ’ก Note: If you have multiple rental types, you can enter a minimum stay per weekday per rental type.

Policies

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Use the pencil icon to assign a new policy for bookings made for this rental. Alternatively, select to edit the already-assigned policy.

Policies define the payment schedule, cancellation rules, and the amount of the damage deposit. Find out how to set up booking and cancellation policies.

Check-in/check-out restrictions

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To restrict check-in and check-out to certain weekdays only, switch the button on and tick the days when check-in and check-out are allowed.

Occupancy

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If you wish for the default pricing to apply only up to a certain number of guests whilst applying an additional charge for any subsequent guest, switch the button onEnter the extra charge per guest per night and after how many guests the charge will apply.

Example: If your nightly rate is โ‚ฌ80 and you configure an extra charge of โ‚ฌ20 after the 4th guest, a reservation for 1-4 guests will cost โ‚ฌ80. A reservation for 5 guests will cost โ‚ฌ100 whilst a reservation for 6 guests will cost โ‚ฌ120.

Short stay premium

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If you wish to apply an extra charge when the stay is too short, switch the button on. Enter the number of nights and the charge amount per night.

Example - if you enter 2 nights, the short stay charge will apply to stays of 1 or 2 nights.

๐Ÿ’ก Note: This setting does not override a minimum stay. If you set a minimum stay of 3 nights, the short stay will not allow guests to book for 1 or 2 nights.

Sales tax

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If you wish to charge VAT/Sales Tax for reservations, switch the button on. To add the percentage of tax on top of the reservation value, select the option Prices excl. Sales Tax. If this box is not ticked, the tax is already included in the rates you have set up and the percentage here is only informative.

Learn below how Sales Tax is displayed on your website.

Rates notes

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If you wish to add further information in the rates section of the rental on your website, switch the toggle on. Use the Rates Notes text box to add further information.

๐Ÿ’ก Note: Rates Notes is an optional field and will only show on your website if you add text.

  ๐Ÿ’ก Note: Make sure to select Save after configuring or editing the settings of the default rate.

VAT/Sales Tax display

Choose whether to display the prices on your website including or excluding the VAT/Sales Tax.

  1. Go to your Main Menu in the top left corner and select Settings.
  2. Click on Sales Tax, and choose to display your pricing Gross or Net, then click Save.

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How the costs are displayed in the checkout

Gross display Net display

Only the total including the sales tax is shown:

 

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The total cost is shown once inclusive and once exclusive Sales Tax:

 

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