In this article, you will understand the flow of prices: from setting up your pricing, through the price displayed on platforms, to the owner's earnings.
What you see in RentalReady
This is the setup of the pricing.
Step 1 — The Base Price
This is your daily price (price per night). All pricing calculations are based on this.
| Base Price (Price tab) | €100 |
Step 2 — Pricing Tools
Pricing tools are applied to the base price to adjust the daily price:
Factors from the pricing algorithm (Note: if you use Beyond Pricing or Pricelabs, they will override the prices)
The mid-term pricing
| +10% for the month of May | €110 |
Price rules and promotions are also applied to the daily price calculated by the pricing tools. The final price is not displayed on the RentalReady calendar but is sent to the booking platforms.
Step 3 — Price Markup
The markup is applied on top of the daily price calculated by the pricing tools. The final price is not displayed on the RentalReady calendar but is sent to the booking platforms.
| €110 × 1.18 (18% markup) | €129.80 (price/night sent to the platform) |
Step 4 — Fees
These can be cleaning fees or additional fees added to the daily price.
| Ex: Cleaning fee (Platform tab) | €50 |
Note: The daily price and fees are two separate lines. Fees are not included “within” the daily price.
Thus, we arrive at these final amounts that RentalReady sends to the booking platforms:
| Final daily price | €129.80 |
| Cleaning fee | €50.00 |
| Total | €179.80 |
What the traveler sees on the booking platforms
The traveler sees the final daily price as well as fees and taxes.
| Daily price | €179.80 |
| Taxes | €10.00 |
| TOTAL PAID FOR 1 NIGHT | €189.80 |
Daily price: platforms display a total price including fees if any
Taxes: corresponds to the tourist tax
Note: if you apply a promotion, this will directly affect the price displayed on platforms, where the original price is crossed out and replaced by the promotional price.
What the owner receives
Platform fees vary depending on the platform, country, and property type.
In this example, a 14% platform fee is assumed.
| TOTAL PAID FOR 1 NIGHT | €189.80 |
| Platform fees (14%) | - €26.57 |
| Total sent by the platform | €163.23 |
| PM Commission (24%)* | - €31.15 |
| Cleaning fee passed to manager** | - €50.00 |
| Net owner earnings | €82.08 |
*The commission is calculated for a property manager taking their commission excluding cleaning fees, i.e., the price at step 3.
** In this example, the cleaning fees charged to travelers are passed on to the property manager for payment of cleaning teams.