Auto Price Update

This section allows you to automatically adjust your room or hostel prices based on the percentage of free beds available. By setting clear rules, the system can raise prices during high demand and lower them when occupancy is low, without manual intervention.

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How It Works

1. Choose Price Adjustment Type –

   • Room Price Adjustments - Apply changes to specific room types only.

   • Hostel Price Adjustments - Apply changes to all rooms in the hostel.

2. Define Adjustment Rules – For each rule, set:

   • Free Beds Percentage – The occupancy threshold that triggers the change (e.g., 40% free beds = 60% occupancy).

   • Adjustment Action – Choose to increase or decrease the price.

   • Adjustment Percentage – The percentage amount to change the price.

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Example Rule

• Free Beds Percentage: 20%

• Action: Increase

• Adjustment Percentage: 40%

This means if only 20% of beds remain available, prices will automatically increase by 40% to capture high-demand value.

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Why Use Automatic Price Adjustments

• Maximize Revenue – Charge more when availability is low and demand is high.

• Improve Occupancy – Lower prices when many beds are free to encourage bookings.

• Save Time – Automate pricing so you don’t need to constantly monitor and update rates.

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Best Practices

• Set higher increases for very low availability (e.g., 10–20% free beds).

• Consider decreases or smaller increases when availability is high (e.g., 60–80% free beds).

• Review your rules regularly to match seasonal patterns and local events.