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      • 45. Re: new rates editor offered to the populace - should i take it?
        homeaway_community_manager HomeAway Employee

        Hi u0999,

         

        You'll see messaging in your dashboard when you get the offer. Thanks!

         

        Erinn

        HomeAway Community Manager

        • 46. Re: new rates editor offered to the populace - should i take it?
          swlinphx Premier Contributor
          UGH!!!!  hate it!!!.  BTW, the AIRBNB editor is easier to use and understand than the one HA came up wth.  What's with the % of discount for weekly and monthly stays??  UGH!  5 properties in FL panhandle.  Oh, the "we will remit sales tax" that HA just started in FL, was also a carbon copy from AIRBNB,

          I hear you.  May I ask how many listings you have and how many sites you list with? Because when you magnify that it can be a nightmare.

          • 47. Re: new rates editor offered to the populace - should i take it?
            swlinphx Premier Contributor

            I would delay, unless you use AirBnB and like their method better.

            • 48. Re: new rates editor offered to the populace - should i take it?
              swlinphx Premier Contributor
              What's with the % of discount for weekly and monthly stays??  UGH!  5 properties in FL panhandle.  Oh, the "we will remit sales tax" that HA just started in FL, was also a carbon copy from AIRBNB...

              To be fair though AirBnB uses and offers discounts by percent and/or you can use their editor for specific dates (by week or month) as well, which will override the % discounts you entered (if any).

              • 49. Re: new rates editor offered to the populace - should i take it?
                swlinphx Premier Contributor

                One disadvantage of the new Rates Editor though is that if you offer longer-stay discounts (weekly over nightly and/or monthly over weekly) the system is no longer as intelligent as it once was.  How?  Well if you rent say 24 nights that still keeps the guest in the weekly rate so it could say cost you more than renting 28-30 nights or more.

                 

                For example if you have a nightly rate of $100, a weekly rate of $500 and a monthly rate of $1500.  A guest booking 24 nights would get the weekly rate for a total of $1,715.00 total (+ fees).  The guest booking 30 nights however will pay only $1,200 total (+ fees).  The previous rate system however would "cap" the weekly rate once it met and exceeded the monthly rate.

                 

                Does anyone here think it odd that you will make $500 less if they stay 5 nights more?  ...or do you figure what the traveler doesn't know (if not plugging in extra dates) can't hurt them?   Without rates tables outlined anymore on our listings few will even know I guess.

                • 50. Re: new rates editor offered to the populace - should i take it?
                  hmmmm Senior Contributor

                  I am so relieved to hear that someone else is feeling like it does not make sense.

                  I have 6 rentals and I only have one on the new chart so far.
                  I really dread putting the other 5, its so much more work for me and so confusing.
                  I know some of it is understanding the concept, but I just easy again.

                  • 51. Re: new rates editor offered to the populace - should i take it?
                    ohst8er Premier Contributor

                    swlinphx, that feels like alot of overthinking/overplanning to me.

                     

                    I don't use weekly rates, or monthly rates.  I have a daily rate, and I adjust it by seasons.  If you want to book 3+ nights with me in January, you might only pay $105 a night.  If you want to book 3+ nights with me in say, April you'll pay $185 for week day overnight, $195 for a weekend overnight.  I don't book less than 3 nights, EVER, and I don't give anyone a "discount" for staying more than X+ nights, unless it's December-January.  If someone wants to book the entire month of April with me, the lowest I've ever gone is the equivalent of whatever I earned last year, even if last year I only had 15-20 nights booked.  Sorry, no "rewards" for being a long term guest during my mid season.

                     

                     

                     

                    If you want to stay with me in June-August, the rate is $239 a night, the minimum stay is 7 nights, you can only check in/check out on Saturday.  NO EXCEPTIONS.

                     

                    I did offer a discount in the month of January for a month long stay, but ONLY for the month of January (Feb was already booked).  I also have on my listing "ask us about snowbird rates."   Anything beyond this sounds like overkill.

                     

                    The BEST part about the new Rates editor vs the old one, is that I can change ANY of this, or any section of any of this, on a whim if I choose to.  5 days here, 7 days there, I can tweak and adjust etc without having to affect my overall rate strategy a bit.  That's a winner to me. 

                    • 52. Re: new rates editor offered to the populace - should i take it?
                      peg'schoice Contributor

                      I really miss the 1 page summary that we had under the old editor. You could print this out on 1 page for the whole year and get a "bird's eye view" of your collection opportunities.  For each Seasonal Period  you had -

                      • DAILY rate,
                      • WEEKLY rate and 7 nights or more $'s avg nightly
                      • MONTHLY rate and 30 nights or more $'s avg nightly

                      NO percent discounts...just $$ rates.  For my 5 properties with over 250 turn-overs yearly, this 1 page summary of the whole year really worked best for me.  I could see where I need to make adjustments in pricing and how much.  It was really helpful.  Now I'm trying to do this with lots of patience, a calculator and Excel Spread sheets.  UGH!!

                       

                      The new rate editor working off the calendar display might offer some neat advantages (stolen from AirBnB as mentioned above).  But without this kind of 1 page summary breakdown as I mention, I find it less attractive to my way of coming-up with a strategy to maximize bookings and profits.

                      BTW, I have flooded the "FEEDBACK" option to HA with my suggestions.

                      • 53. Re: new rates editor offered to the populace - should i take it?
                        ohst8er Premier Contributor

                        Hi peg'schoice, you do know you don't have to use the percent discounts, correct?    Also, though it's not ideal, you CAN print out the calendar by month, and if you finagle it enough you can get a year's view. 

                        • 54. Re: new rates editor offered to the populace - should i take it?
                          hmmmm Senior Contributor

                          If you want to discount for 7 nights how do you do it with out the %discount.

                          Any help would be great

                          • 55. Re: new rates editor offered to the populace - should i take it?
                            greggt Senior Contributor

                            Guess the answer is hmmmm, just don't discount...........or.............just waste 10-15 minutes using trial and error to come up with the proper discount that will give you the number you want like the rest of us do!   

                            • 56. Re: new rates editor offered to the populace - should i take it?
                              surgerygalore Contributor

                              Hello

                              i may have misunderstood

                              if you have a daily rate, D

                              and you know the daily weekly discounted rate you want, DW

                              you may determine the percent discount you need to apply, %, to D in order to get to DW as follows

                               

                              % = ((D - DW)/D)x100

                               

                              i am sure I am missing something.   Either way, LOL !

                              • 57. Re: new rates editor offered to the populace - should i take it?
                                ohst8er Premier Contributor

                                hmmmm  Perhaps I am misunderstanding peg's choice.  I am under the understanding she thought she HAD to use discounts.  If you want to use them, or feel you need to use them, of course do so.  I was just pointing out they are not required.

                                 

                                Personally I am not sure why owners discount for 7 plus nights.  Just set a rate that nets you the bottom line you want, if you get close in and have 5 days or  a week that seems like it might sit open you can drop the rate to attract some last minute booking, or if it's prime season with high occupancy and you are 3-6 months out with only one prime week left, raise your rate for that time period to capture more revenue.  This is where I see this rates editor as a tool that is head and shoulders above the old one.

                                 

                                Set a daily rate that nets you whatever you used to get for a weekly rate (if your weekly rate was something like $1599.00 like mine was, you'll just need to round your daily rate up or down to the next whole dollar),  set your booking parameters and be done with it.  Then watch your market to see whether you need to adjust accordingly to capture either bookings, or more revenue.  That's what the hotels do in their rate management meetings.  They NEVER ever set rates for the year and then close the book and wait for reservations.    The rates are always dynamic.  That's what this rates editor is designed to be, a living breathing  tool that you use to adjust according to  the ebb and flow of your market. 

                                • 58. Re: new rates editor offered to the populace - should i take it?
                                  greggt Senior Contributor

                                  Well I could just as easily say, Personally I am not sure why owners DON''T discount for 7 plus nights. But to each their own!

                                  • 59. Re: new rates editor offered to the populace - should i take it?
                                    ohst8er Premier Contributor

                                    greggt, I have no reason to argue with you Gregg, I'm not in your market, and if that is what works for you than by all means of course.  You and I see eye to eye on most everything, and I am always open to learning new things from others.    If we disagree on this point I'm fine with that, and I am sure you are too. 

                                     

                                    But I just don't see why I should feel the need  to "reward" anyone for staying 2 days more.  I'd rather set a rate that nets me what I need regardless of how long someone stays.  Of course if I set a daily rate for January with a 3 night minimum and someone asks me what I'm willing to offer for a 30 night stay in January, I'm more than happy to talk turkey, but only because the place will sit empty otherwise.  But NEVER EVER IN the summer.  The ONLY discount I've ever given in the summer is if someone says "do you give a military discount?"  I always say, "Yes, we are happy to offer a 10% discount to all our military guests."  But that's IT.    

                                     

                                    Perhaps the answer is, VRBO needs to set the system so that setting discounts WORK flawlessly for those who want to use them, and the rest of us can just ignore it and go on our merry way.   It seems pretty obvious from the many discussions on this subject that the way the current system is set up isn't really working well for those who do use discounts.