Vacation Rental Glossary
Customizations
We recommend the best data-driven prices for your listings. However, at times, you might want to customize certain aspects of your pricing based on your preferences or based on your observations of the market. For example, for last minute bookings we apply last minute discounts by default. You, on the other hand, might not want any discounts. In these cases, you can customize your last minute settings to make sure you are in control of your pricing. Read More 
Last-minute prices
Last minute adjustments are added to help get bookings for dates that are close-in and have a reduced chance of getting booked. This can either be a premium or a discount. You are in full control of your last minute prices. Read More
Orphan day Prices
By default, the Pricelabs algorithm applies a 20% discount to gaps of 1 or 2 open nights between bookings. There are two options - a percentage-based adjustment or a fixed price for orphan gaps. This can either be a premium or a discount. You are in full control of your last minute prices. Read More
Day of the week adjustments
There are few days that might be performing better than other days in your property. For the majority of the properties, the weekend works better. However, if you have a corporate housing accommodation in the city then you might have more bookings during the weekday than the weekend. We give you the liberty to make adjustments as per the trends that you observe in your listing. Read More
Minimum far out price
Minimum far out price can be used to make sure prices for dates that are beyond a certain do not fall below the desired amount. Setting this price to be below the listing’s minimum price will not have any effect as PriceLabs prices will not go below the minimum price. Read More
Minimum weekend price
Minimum weekend price can be used to set a different minimum price for the weekend even if the weekend might be last-minute in the low season. In this case, your existing minimum price will be used for the weekdays. Setting this price to be below the listing’s lowest price will not have any effect as PriceLabs prices will not go below the minimum price. Read More
