When creating your Property Profile on Travelnest, adding pricing is crucial; without it, you won't be able to list your property on over 30 top booking sites. 

This article guides you through the process of setting up your pricing for the first time and editing existing pricing if changes are needed. Remember, once your pricing is established, your calendar will automatically become available for guests to book. 

• Your property can't go live on booking sites until you've added pricing.
• Booking sites recommend a minimum of 12 months of pricing in place at all times.
• When setting up your pricing, to appear in more searches, allow guests to check in on as many days as possible.
• Your property will be available for booking for all pricing periods you add to your Travelnest account.
• If the property is not available for some dates, you must block these in your calendar. For a step-by-step guide, click here.
• If you ask us to cancel bookings for dates not blocked in your calendar, a £50 admin fee applies, plus channel cancellation & relocation fees, where applicable.

Our pricing model

Travelnest uses nightly pricing where each night of the week has a price added in your Property Profile. 

We also use pricing periods. These are date ranges where set pricing is applied, e.g. from 1st January 2022 to 31st January 2023. Together, nightly pricing and pricing periods allow you to amend the price for any night. Once you've added pricing - your property can be booked.

How do I set up my pricing automatically? 

To avoid the hassle of updating your prices manually, we highly recommend using our Smart Pricing feature. This dynamic, data-driven tool sets personalised, up-to-date nightly rates for your property for the next 365 days. It ensures you get the best rate for your vacation rental by adjusting prices according to local market trends. This feature could increase your revenue by up to 60%. 

For more information and learn how to turn on this feature for your property, see our guide here.

1. Log in to your Travelnest account and, from your home page, choose the property for which you would like to add pricing. Then, on the right-hand side, click 'Pricing and Discount'.

2. Next, a webpage will appear for you to select the currency you'd like to use for your pricing. Choose one, then click 'I'm happy, continue'. 

3. On the following webpage, you'll have several options to set up your pricing, such as Smart Pricing, using the generator tool, or adding manual pricing. If you prefer to set up your pricing manually, click 'Add Pricing Manually'.

4. Once you click on 'Add Pricing Manually', you'll be able to configure the pricing periods as follows:

Add pricing periods by month or week:

• Name each pricing period for easy reference. e.g. holiday rates, off-peak season, last-minute deals.
• Set the start and end dates for each period.

Select arrival days:

• Choose which days guests can arrive by selecting them. Days highlighted in blue are available for arrivals.
• Deselect any day guest won't be able to arrive. For example, deselecting Tuesday means guests cannot arrive on that day.

Set minimum stay requirements:

• Use the minus (-) button to reduce or the plus (+) button to increase the minimum number of nights a guest can stay.

Add daily rates:

• Ensure you add rates for every day from Monday to Sunday. This is necessary even if certain days are blocked on your calendar; without daily pricing, changes won't be saved.

Apply discounts:

• You have the option to add discounts for stays of 7 or 28 days to encourage longer bookings.

Save your settings:

• After entering all your pricing details for each month or week for the next 6 or 12 months which we highly recommend, click 'Save' at the bottom of the page to secure your setup.

5. To continue adding pricing for additional months or weeks, follow these steps: 

Return to the 'Pricing and discounts' Main Page:

• Once you've added your pricing for the first month/week, navigate back to the main page.

Select 'Add Pricing Period':

• Click this option to begin setting up pricing for the next month or week.

Repeat the process:

• Follow the same steps you used for the initial pricing period to set up subsequent periods.

Consider Smart Pricing:

• Manually adding pricing can be time-consuming. We recommend enabling Smart Pricing for a more efficient approach and to ensure automatically competitive pricing. Find more information about Smart Pricing here. 

It's a good idea to regularly review your pricing, and make any tweaks that are necessary to ensure your pricing remains competitive. Follow the steps below to learn how to edit and amending existing manual pricing. 

For example, you may want to change your pricing, and increase your price per night for specific periods such as the Easter Holidays or over Christmas and New Year. 

1. Log in to your Travelnest account and, from your home page, choose the property for which you would like to edit and amend pricing. Then, on the right-hand side, click 'Pricing and Discount'.  

2. On the following page, you'll see all the pricing periods you have added manually or using the generator tool. To edit the rates you've set up, just click 'Edit'. 

3. Then, delete the previous price you had and add the new pricing. Click 'Save' at the bottom of the webpage. In this section, you can also change the minimum number of nights and discounts for that pricing period. 

Examples of pricing adjustments for weekends and holidays 

Example 1:

If you want to increase your weekend pricing in August, for example, simply select the existing pricing period containing the dates you wish to change. Change the pricing to a higher rate for Friday, Saturday and Sunday. Your changes will save automatically. 

Example 2:

If you need to change your pricing for a specific duration where you already have a full month of pricing in place (e.g. Easter or bank holiday weekends), this is done by editing the existing pricing period for the month. Simply change the end date to the day before the uplift period. Then add a new pricing period to cover the dates on which pricing is uplifted. Then add a final pricing period to take the price back down following the uplift period to the end of the month in question. 

Below is an example of how pricing looks before and after a new pricing period has been added to cover the Easter weekend.

Before

Example 3:

If you need to add a brand new pricing period, select the new period. Give the new pricing period a name, then select the start and end dates using the calendar pop-up. You’ll also need to include arrival days, the minimum number of nights a guest can stay, pricing currency (choose from pounds, euros, and dollars) and the price for each night.

If you want to provide guests with a discount for booking a seven-night stay within a specific pricing period, you can also do this within the pricing section. Under Full Week Discount at the bottom of the page, you can enter a percentage discount to be applied to seven-night stays.

To remove a pricing period, select the period you wish to remove and in the pricing period, page select the Remove Period button. This will delete the period and update your listings.

 Optimising your pricing

There are lots of ways to optimise your pricing throughout the year to increase revenue. Check out our guide on How to pricing your property competitively to attract bookings for expert tips on how to do this.

How to set up your pricing by seasonality

Seasonal pricing allows you to maximise your earnings, maintain a steady flow of guests, and make the most of your property investment throughout the year. To find out how to set up your pricing by seasonality read our guide here.