I am currently getting my direct booking site set up through the hosted site feature in OwnerRez.
I am currently setting rates through Pricelabs.
Is there a way to override rates by channel? Specifically I want to adjust my booking site's rate a little higher to capture some of the management fee that the customer doesn't have to pay through Airbnb and VRBO.
I can add a "Management" surcharge to accomplish this but I'd rather just roll it into the rent fee.
Is this possible?
Thanks,
Matt
Hi,
Struggling with the same issue.... currently we have our listings on both AirBnb and VRBO. I am in the process of setting up a direct booking site. The pricing is set by Pricelabs (awesome tool, btw!).
I would like to have the nightly price on the direct booking site to be about 6.7% higher than on AirBnB/VRBO, which will give the direct customer about an 8% discount off of their total, because they are not paying the AirBnB/VRBO fee and will give me about 4.7% higher payout, which will help to offset for the direct site hosting and direct marketing spend.
I though I had seen a menu for Channel Adjustment somethere, but I can't find it.
Has anyone solved this issue?
Thank you,
Jake
That would truly be a wonderful option! I asked this EXACT question nearly a year ago and was told the direct website and widget pricing was not adjustable like the OTR channels. I told them they should be but I'm guessing they don't agree.
Craig,
After doing more research, I found the path to solve this!
In another post Ken mentioned that we CAN adjust the pricing for AirBnB and VRBO through the API settings... so, in my case, instead of raising the Direct site price, I will do the following. Let's assume that I currently charge $200/night on AirBnB and VRBO and would like to charge 6.7% higher on the Direct site, or $213.40.
1) Raise the Pricelabs price by 6.7%, so the $200/night rate is now $213.40.
2) Pricelabs will pass this price to OwnerRez and to the direct booking site, $213.40/night.
3) Then I adjust the AirBnB and VRBO prices down by 6.28%. The math is (($200 desired rate / $213.40 Pricelabs rate) -1)*100), which gets me the original rate of $200/night.. same as current.
The Rate Adjustments for API channels are made within the Settings > API Integrations > (Channel Name) page options.
Thanks to Ken for this prior post where I found the answer! https://www.ownerreservations.com/forums/general-help/rate-adjustments#68513
Best,
Jake
Thanks for the reply, Jake. This is basically what I did to solve the issue.
