Length of Stay (LOS) Pricing is a strategic pricing method designed to maximize the overall value of a reservation, rather than focusing solely on the nightly rate. It encourages longer stays by offering pricing incentives based on the total duration of the booking.
For example:
- During peak season, you might allow guests to book a 6-night stay at the price of a 7-night stay, helping to fill gaps while maintaining high revenue.
- In slower seasons, you could offer a 10% discount for stays of 5 to 7 nights, making your property more attractive to guests planning extended visits.
This approach helps you capture a larger share of longer-stay bookings by using value-driven pricing, ultimately boosting occupancy and revenue through more competitive and flexible strategies.
How to build a Length of Stay Map?
For more information, refer to these related Knowledge Base articles on Length of Stay Pricing:- https://help.getrevmax.com/en/support/solutions/articles/44002542700-length-of-stay-pricing-setting-rate-types-for-your-los-map-in-streamline
- https://help.getrevmax.com/en/support/solutions/articles/44002457034-length-of-stay-pricing-which-length-of-stay-pricing-rule-would-apply-in-the-los-pricing-map-if-there-are-different-rules-throughout-a-30-night-stay-strategy-
- https://help.getrevmax.com/en/support/solutions/articles/44002644561-length-of-stay-pricing-applying-weekly-discounts
- https://help.getrevmax.com/en/support/solutions/articles/44002433716-length-of-stay-pricing-can-i-turn-off-los-pricing-for-certain-days-
- https://help.getrevmax.com/en/support/solutions/articles/44002537614-length-of-stay-pricing-how-los-pricing-calculates-stays-and-interacts-with-cta-ctd-restrictions-
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