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.

Note: LOS pricing can be referred by different names in various PMS's, including: weekly pricing, monthly pricing, and more. Please, refer to the PMS-dedicated documentation in order to learn what the name for LOS pricing is in your PMS.

FSP pricing model (N/A)

This element is not synchronized. In case it is mandatory to connect to some Sales Channels or you want to have this information filled in for your property, switch off the synchronisation of this element and update this information directly in the Rentals United platform. Note that if you switch the synchronisation on again, whatever you have in Rentals United will be overwritten with the data from your PMS again.

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:

  • Season name,

  • 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:.

  • NIGHTLY_WEEKEND, NIGHTLY_WEEKDAY - price for night

  • WEEKLY- price for 7 nights

  • WEEKEND - price for 2 nights

  • MONTHLY - price for 30 nights

Note: Other types of rates, for example EXTRA_NIGHT are ignored.

Rentals United creates seasons on the basis of the above types of rates. For this purpose, Rentals United uses:

  • <rate rateType="WEEKLY"> for days from Sunday to Thursday

  • <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:

  1. WEEKEND (2)

  2. NIGHTLY_WEEKEND (1)

  3. WEEKLY (7)

  4. 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:

  1. NIGHTLY_WEEKDAY (1)

  2. WEEKLY (7)

  3. 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.

 

 

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.

Example: If the Daily price includes 3 standard guests, the price stays the same in the case when either one, two or three guests book a stay.

 

 

Extra guest price (N/A)

This element is not synchronized. In case it is mandatory to connect to some Sales Channels or you want to have this information filled in for your property, switch off the synchronisation of this element and update this information directly in the Rentals United platform. Note that if you switch the synchronisation on again, whatever you have in Rentals United will be overwritten with the data from your PMS again.

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.

 

 

Weekend pricing (N/A)

This element is not synchronized. In case it is mandatory to connect to some Sales Channels or you want to have this information filled in for your property, switch off the synchronisation of this element and update this information directly in the Rentals United platform. Note that if you switch the synchronisation on again, whatever you have in Rentals United will be overwritten with the data from your PMS again.

Occupancy pricing (N/A)

This element is not synchronized. In case it is mandatory to connect to some Sales Channels or you want to have this information filled in for your property, switch off the synchronisation of this element and update this information directly in the Rentals United platform. Note that if you switch the synchronisation on again, whatever you have in Rentals United will be overwritten with the data from your PMS again.

Complimentary topics

Discounts (N/A)

This element is not synchronized. In case it is mandatory to connect to some Sales Channels or you want to have this information filled in for your property, switch off the synchronisation of this element and update this information directly in the Rentals United platform. Note that if you switch the synchronisation on again, whatever you have in Rentals United will be overwritten with the data from your PMS again.

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:

 

 

Preparation Time Before Arrival (N/A)

This element is not synchronized. In case it is mandatory to connect to some Sales Channels or you want to have this information filled in for your property, switch off the synchronisation of this element and update this information directly in the Rentals United platform. Note that if you switch the synchronisation on again, whatever you have in Rentals United will be overwritten with the data from your PMS again.

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.

 

Tax (N/A)

This element is not synchronized. In case it is mandatory to connect to some Sales Channels or you want to have this information filled in for your property, switch off the synchronisation of this element and update this information directly in the Rentals United platform. Note that if you switch the synchronisation on again, whatever you have in Rentals United will be overwritten with the data from your PMS again.

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
Cleaning fee Cleaning fee
   

 

 

 

Down payment (N/A)

This element is not synchronized. In case it is mandatory to connect to some Sales Channels or you want to have this information filled in for your property, switch off the synchronisation of this element and update this information directly in the Rentals United platform. Note that if you switch the synchronisation on again, whatever you have in Rentals United will be overwritten with the data from your PMS again.

Security deposit

Security deposit is a mandatory or optional refundable charge the guest needs to pay to cover for potential property damages.

 

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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