Step 5: Price and availability

LOS 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.

FSP pricing model

FSP pricing model can be used if you are a PMS or an API user. It defines a fixed price for the whole stay, that is for an exact number of guests and nights.

Note that it will not be possible to make a reservation for a period in which prices are not defined.
Note that FSP pricing does not respect Standard number of guests or Maximum number of guests. Whatever is provided as the FSP records will be respected.

Example 1: Your standard number of guests = 4 and you provided prices only for 1 and 2 guests.

Result: The reservations with 3 and 4 guests will not be possible.

Example 2: Your maximum number of guests = 4 and you provided prices only for 5 and 6 guests.

Result: The reservations with 5 and 6 guests will not be possible.

FSP pricing model is the default model used in integration with Arkiane.

Seasons are created based on the <startDate>. Hence, in the example below the season that starts on 2022/01/09 includes prices for 5 different stays that are possible starting on 2022/01/09. These stays are respectively:

5-nights long (2022/01/09 - 2022/01/15)
6-nights long (2022/01/09 - 2022/01/16)
13-nights long (2022/01/09 - 2022/01/22)
14-nights long (2022/01/09 - 2022/01/23)
21-nights long (2022/01/09 - 2022/01/30)

Additionally to FSP model, Arkiane uses a system of special offers. In case there are two offers configured (standard and special ones), then the special offer has priority and is used.

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.

Daily price for properties coming from Arkiane is proportionally calculated using the FSP prices divided by the number of nights in the stay.

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)

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.

Minimum stay is set based on the shortest stay possible withing the given season. In the below example, the shortest stay is 6-nights long, hence minimum stay is set to 6.

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.

The property is available exclusively during seasons retrieved from Arkiane. If a season has not been retrieved, then it means the property is not available to rent.

See FSP pricing model for requirements that make creation of seasons possible.

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.

In this example, there are no previous seasons available and no FSP stays ending on 2022/01/09, hence the check-out checkbox in this case is ticked. In general, if the season starting or ending day overlaps with the starting or ending day of the FSP period in any season, then changeovers for the check-in and check-out dates are possible too.

Tax and Fee (N/A)

All the prices that are retrieved from Arkiane already contain all additional charges, including tax and fees. Hence, the Charge Profile in Step 5: Price and availability will never contain tax and fees data.

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.

Currency (N/A)

All properties being retrieved from Arkiane always have their currency set to EUR. Be aware of this condition when introducing pricing directly in Arkiane. In case you have different currency in Arkiane, then the value will be synchronized, but assigned the EUR currency, which may cause discrepancies in revenue.

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