How do I set my pricing?

Modified on Mon, 11 Nov at 8:55 AM

When a Guest select dates for their stay, the site looks at the prices listed and calculates a pro-rata fee. Whilst the site will always try to work out the correct price for the required stay there is always a chance that something needs to be adjusted. 


Remember that if any element of the booking needs to be adjusted, the Host can edit the booking. (How?)


These instructions aim to explain how to set pricing on a digs listing.

  


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How much should I charge?


Firstly, please bear in mind that most theatre professionals are working away from home for extended periods of time and are given a very limited touring allowance with which to pay for their accommodation and food each week.


We ask all our Hosts to consider offering their digs for the lowest possible price to help support the theatre industry and their local theatre.


To get an idea of where to start, try searching for digs in your area and filter by your accommodation type and similar features. This should give an idea of how much Hosts are charging for similar listings nearby.

 


Editing your Pricing

 

It may be necessary to edit your prices from time to time, in order to do so, tap on the 'Digs' tab. 


Note: this will not affect any current or upcoming bookings. To amend an individual bookings pricing, please see our help article here.

   

   


1. Locate the listing that you wish to edit and tap 'Details' to to show the Digs overview page.

  

 


2. Tap on 'Manage Digs' and then tap 'Pricing'.

 

  


3. Now, tap 'Update pricing'.

 

 


4Here you can update your pricing by entering new values into the Nightly, Weekly and Monthly fields. 

 

If you allow more than 1 Guest per room, e.g. 2 Guests, you will need to enter the pricing for both 1 Guests and 2 Guests. 

 

If you are listing your Whole Property and have varying rates depending on the number of Guests, you will need to enter prices for each number of Guests. e.g. Prices for 1 Guest, Prices for 2 Guests etc.


Once you have finished, click 'Save Prices'.

  


Minimum Stay

  

You can set a minimum stay if you don't want to receive booking requests for just one or two nights. 

  

You can do this by clicking 'Edit' next to the settings tab.

  

  

By ticking the box 'Minimum Stay only applies to the first week of each booking' you can make sure that your chosen minimum stay period only applies to the first week of each booking. 

 

If left blank, each 7 days of a booking is treated as a new week and the minimum stay is applied again.

 

  

In the above example, we chose a 3 night minimum stay and left the box unticked so that the Host cannot receive less than 3 nights worth of bookings each week.

 

 

As you can see, 8 nights have been selected so the site calculates 7 nights (£100) + 3 nights minimum stay (£90) = £190.

 

(This is for Hosts who, for example, expect to receive a weekly booking starting on a Monday and if the booking from the previous week encroaches on the next week, preventing the next Guest from booking that week, then the Host is still able to receive an acceptable minimum fee.)

 

With the minimum stay box ticked, the minimum stay only applies to the first week of each booking:

 

 

Here the same dates are chosen but because the minimum stay only applies to the first week, the site calculates 7 nights (£100) + 1 night (£30) = £120.

  


Nightly Price

 
You can edit each room to show a nightly price which you are willing to accept. For example, some Hosts might think that the minimum they might be willing to accept is £75 per week so they could set a minimum stay of three nights and set the nightly price of the room to £25.

 


Calculating the Price


The total cost of stay is based firstly on the nightly rate until the point at which the nightly rate exceeds the weekly rate. From then on, the weekly rate is applied until, similarly, the monthly rate is reached.

e.g: If you were to set £150 as your weekly fee then at £30 per night, the weekly rate would apply from the 5th night onwards (otherwise it would be more expensive to stay for 6 nights than it would to stay for 7). 


The monthly rate is based on 28 nights.

 


Seasonal Pricing

 
If you would like to display different prices for a specific period (E.g. the Edinburgh Festival), please read this help article: How to create seasonal pricing.

 


If you have any questions please visit our Help Centre


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