How to set up a markup percentage?
What is markup?
A markup is a percentage that is added on top of your calendar rate.
Hostaway calendar rate: $100 | |
Expedia markup: 15% | Price exported to Expedia: $115 |
Booking.com markup: 20% | Price exported to Booking.com: $120 |
Website markup: 10% | Price on Website: $110 |
Notes
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Markup can be negative
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Markup needs to be set up per listing
How do I adjust the markups?
From the Calendar page
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Go to Calendar
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Select a Date
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Click on Pricing > Show prices per channel
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Click on the wheel to be redirected to the Channel Manager page
From the Channel Manager page
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Go to Channel Manager
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Click on Settings
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Enter the markup per channel
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Click on Save per channel
From the Listings page
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Go to Listings
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Click on Edit
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Go to the Price & Fees
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Under the Base Price, you can update the markup
Recommendations
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To apply a markup percentage to direct bookings made through the Hostaway booking engine, you will need to manually set the markup when creating the direct booking reservation. The markup percentage set for the Hostaway booking engine will only apply to bookings made through the website, and not to direct bookings. When creating a direct booking in Hostaway, you can adjust the pricing, including any desired markup, at the time of booking creation.
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To set up a markup percentage for the Hopper channel on Hostaway, you will need to have Hopper set the markup on their side. For other channels, you can set the markup percentage directly on Hostaway. If you continue to have issues with the Hopper channel, you may need to contact Hopper support for assistance with their markup settings.