Price Increase

This setting allows you to define a percentage of increase that will apply on the rates you send to the specific channel.
This percentage can be global (apply to all rentals and periods) or can be defined for each rental and period.

Steps

To apply a global price increase:

1. Fill in Price increase field
2. Click on Save

To apply a price increase per rental and by period: 

1. Click on New specific price increase
2. Choose the rental and enter start date and end date.
   

   WARNING: It's really important that you define the same period as the one for your rates. If you have two percentage of increase for one period of rate we will just apply the higher percentage for the full rate period. The system can't manage two percentage of increase for one rate period.

3. Fill in Price increase field
4. Click on Save specific price increase

How to calculate the price increase required to absorb the channel commission

Definition

COMMISSION: Commission taken by the channel on the booking final price.
PRICE_INCREASE: percentage of price increase to apply per application

Formula

((100 / (100 - COMMISSION)) - 1) * 100 = PRICE_INCREASE

Examples

Example with COMMISSION of 5%:
((100 / (100 - 5)) - 1) * 100 = 5.263

Example with COMMISSION of 15%
((100 / (100 - 15)) - 1) * 100 = 17,647

Applying this, if you price is 100 in BookingSync, you mark-up your price for Booking.com at 17,647%, so the price in Booking.com will be 117,64€. The portal commission will then apply to this amount, 15%.

Booking-com commission will be 117,64 * 0,15 = 17,64 so your price without the commission is 100€