To receive bookings, you must configure your rental's rates. As rates are essential for any rental owner in the vacation rental business, Lodgify allows you to set up, modify, and control your rates and booking rules through seven simple sections: the default rate, season rates, fees and taxes, promotions, add-ons, derived rates, and policies.
Read about:
Rate types
The rate types are used to calculate the nightly cost of each booking.
| Rate type | Notes |
|---|---|
|
Default Rate |
The default rate applies all-year-round, except for dates for which you have added a season rate. 💡 Note: You must set up a default rate for each of the rentals, even when you are importing your rates from an external source or when you have season rates set up. Learn how to configure your Default rates:
|
|
Season Rate |
Season rates enable you to set different rates for specific time periods, for example during summer or public holidays, when prices usually rise. You can create several season rates, and set each season rate to apply to multiple periods. Learn how to configure your Season rates:
💡 Note: Season rates established while dynamic pricing is active will cease to apply upon deactivation of dynamic pricing, requiring their setup either before enabling dynamic pricing or after its deactivation. |
|
Base Rate |
Your Default Rate and Season Rates form the Base Rate over which the Derived Rates are calculated. |
|
Derived Rate |
Derived Rates are an adjustment to your Base Rate, configured as either a fixed amount or as a percentage. Using this feature enables you to offer multiple rates at a time on Booking.com and Expedia. 💡 Note: Soon this rate type will as well be available for your Lodgify website. Until then, you must be connected to Booking.com or Expedia via our API channel managers in order to use this rate type. Learn how to connect to OTAs: |
Fees and Taxes
Through Fees and Taxes, you can add multiple fees and taxes on top of your default and season rates. These additions are calculated and applied automatically at the checkout.
To set up fees and taxes:
- Go to your Main Menu in the top left corner and click on Rentals.
- Choose the rental you want to edit and select Fees & Taxes. Learn more on how to configure Fees and Taxes
Sales Tax/Vat display:
Lodgify offers two options for displaying your Sales Tax/VAT. Either the sales tax is included in each listed item (Gross) or is listed separately (Net).
- Go to your Main Menu in the top left corner and click on Settings.
- Select Sales tax / VAT.
Here is the difference on the checkout page:
| Gross display | Net display |
|---|---|
|
Only the total including the Sales tax is shown: |
The total cost is shown once inclusive and once exclusive Sales Tax: |
Promotions
Promotions can help you to create special offers for certain periods or give a discount to certain customers by using a promotion code. Promotions can be used in a variety of different ways.
To create promotions:
- Go to your Main Menu in the top left corner and select Rentals.
- Select the rentals that you want to create the promotion for and choose Promotions & Add-ons.
- Now click Assign a promotion. Learn more about how to configure Promotions.
Add-ons
Use Add-ons so that special services such as breakfast or airport pick-ups can be booked directly together with the room booking.
To create add-ons:
- Go to your Main Menu in the top left corner and select Rentals.
- Select the rental you want to edit and go to Promotions & Add-ons.
- Click Assign an add-on. Learn more about how to configure Add-ons.
Policies
Policies define the terms of payment schedules, cancellations and security deposits. You can create as many policies as you like and then associate one policy to each rental.
To create or edit your policies:
- Go to your Main Menu in the top left corner and select Settings.
- From the left menu bar select Policies, and in the top right corner, click the green button Create Policy. Learn more about how to configure Policies.