What's the difference between L O S pricing and L O S discount?

Let's start with a brief explanation of what LOS pricing and LOS discount are about.

LOS pricing

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.

LOS discount

On the other hand, LOS discount is the type of discount, which applies if the reservation is booked for a specific number of days. It serves to encourage guests to book longer stays. For example, stays of 7-14 nights can be discounted 10%. You can read more about it at Setting the LOS discount.

Which to choose?

This will depend entirely on your business model.

If you want to offer prices, varying depending on the number of nights and the number of guests, then you should use the LOS pricing. In this case you can set the exact price you want to receive and it may be completely unrelated to the Daily price.

On the other hand, if you want to offer a discounted price only to those guests who book the property for a required number of nights - you should go with the LOS discount. One difference you should pay attention to is that you can only set the percentage by which the Daily price will be discounted. So, LOS discount may be treated as a simplified version of LOS pricing.

Note: Check out which channels support LOS pricing and LOS discount at Channel Integrations.