LOS pricing model
In LOS pricing, it is possible to specify fixed nightly pricing plans for different numbers of nights and (optionally) for different number of guests. It means that your prices can depend on the number of booked nights and guests staying at your property.
Here is how LOS pricing works. For example, let's say your Daily price is 200 USD. If you continue using the Daily price model and one guest decides to book your property for three nights - the total is 600 USD.
In case you use LOS pricing, you can easily set that one guest pays a different amount per night, depending on how many nights were booked. For example, 1 guest can pay 200 per night if a 3-night stay was booked - the total is 600 USD. But you can easily set that 1 guest can pay 190 USD per night if a 4-night stay was booked - the total is 760 USD.
You can do the same for the number of guests and set different prices for different cases. You can see more examples as well as how to correctly set it at LOS pricing.
FSP pricing model (N/A)
Daily price model
Daily price model calculation is based on the values retrieved from various data fields. It allows for detailed pricing settings if set carefully. Also, Daily price model is based on seasons.
The season refers to a period of time when particular pricing is applied. It is possible to set as many seasons as required, varying in length and specification. The minimum settings require:
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Season name,
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Date range,
- Price.
Daily price
Daily price is the standard way of setting prices. It indicates the base price per night for the Standard number of guests.
Magarental provides Rentals United with two main types of prices:.
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NIGHTLY_WEEKEND, NIGHTLY_WEEKDAY - price for night
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WEEKLY- price for 7 nights
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WEEKEND - price for 2 nights
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MONTHLY - price for 30 nights
Rentals United creates seasons on the basis of the above types of rates. For this purpose, Rentals United uses:
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<rate rateType="WEEKLY"> for days from Sunday to Thursday
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<rate rateType="WEEKDAY"> for days from Monday to Thursday
The weekend seasons:
Rentals United creates seasons on the basis of the types of rates received from Magarental. In creation of weekend-long seasons (for days from Friday and Saturday), Magarental provides Rentals United with the following types of rates passed in the <rate rateType> node. Rentals United attempts to use the most detailed pricing available. If there are no records for any type or rates or the price is set to "0", then the next rate type in order is looked up. The order of checking prices is the following:
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WEEKEND (2)
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NIGHTLY_WEEKEND (1)
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WEEKLY (7)
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MONTHLY (30)
In order to receive Daily price, prices available for the above types of rates are divided by number of nights they apply to. This information is mentioned in the parenthesis above, for example WEEKEND is divided by 2.
If monthly records are missing, then no pricing will be available in Rentals United.
The daily seasons:
In creation of daily seasons (for days from Monday to Thursday), Magarental provides Rentals United with the following types of rates passed in the <rate rateType> node. The rule is similar as with the weekend-long season. Rentals United attempts to use the most detailed pricing available. If there are no records for any type or rates or the price is set to "0", then the next rate type in order is looked up. The order of checking prices is the following:
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NIGHTLY_WEEKDAY (1)
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WEEKLY (7)
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MONTHLY (30)
In order to receive Daily price, prices available for the above types of rates are divided by number of nights they apply to. This information is mentioned in the parenthesis above, for example WEEKEND is divided by 2.
If monthly records are missing, then no pricing will be available in Rentals United.
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Standard number of guests
Standard number of guests refers to the maximum number of guests included in the Daily price for whom the price does not change. If more guests than specified book a stay, the extra guests will be charged with the price set in the Extra guest price element.
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Extra guest price (N/A)
Minimum stay
Minimum stay indicates the minimum number of days a reservation can be made for. Guests will be not be able to book your property if they want to book stays shorter than minim stay. This value is mandatory to provide.
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Weekend pricing (N/A)
Occupancy pricing (N/A)
Complimentary topics
Discounts (N/A)
Calendar
Calendar stands for the property's availability to rent. You can check here the availability of your property in the selected time frames. Once a reservation is inserted in Rentals United, the availability in the calendar gets blocked for this period. The calendar is updated automatically every time the availability of the property changes or at predefined times to remain up-to-date.
Every time availability is retrieved from Magarental, Rentals United receives it in the following format:
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Preparation Time Before Arrival (N/A)
Changeover restrictions
Changeover restrictions specify whether check-in or check-out is allowed for a given day. This is a great option if you need the guests checking in and out to fit your schedule and it will help you avoid unexpected guests. If some days are restricted from changeovers, then your guests will simply not be able to select such a stay if the start or end day falls on a changeover-restricted day.
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Tax (N/A)
Fee
Fee refers to mandatory or optional charges paid in exchange for particular services. These include:Charges for additional services, for example Internet access or shuttle.
Fees defined by local governments that do not fall into the tax category, for example environmental fees.
These charges are mapped between Rentals United and Magarental.
| Magarental | Rentals United fee type |
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| Cleaning fee | Cleaning fee |
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Down payment (N/A)
Security deposit
Security deposit is a mandatory or optional refundable charge the guest needs to pay to cover for potential property damages.
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Currency
Currency in Rentals United is a fixed value, by default established on the basis of the property location. The currency of any property can be checked in Rentals United, go to Step 5: Price and availability after selecting All properties tab.
Therefore, if the property's currency does not match the one of the city the property is located in, the currency defined in PMS will not be synchronized. In such a case, the currency from PMS will be converted to the currency of the city.
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