Setup a markup percentage Follow
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
- Markup can be negative
- Markup needs to be set up per listing
- Hostaway does not convert into another currency
How do I adjust the markups?
From the Calendar page
- Go to Calendar
- Select a Date
- Click on Pricing > Show prices per channel
- Click on the wheel to be redirected to the Channel Manager page
From the Channel Manager page
- Go to Channel Manager
- Click on Settings
- Enter the markup per channel
- Click on Save per channel
From the Listings page
- Go to Listings
- Click on Edit
- Go to the Price & Fees
- Under the Base Price, you can update the markup
Comments
1 comment
What is the purpose of the "mark-up" if it doesn't ensure that you receive your base price after accounting for the booking platform or website's payment processing fee?
You just add 15%.
We are able to set the base rate and add the fees of a platform to make sure, we're getting our nightly rate we want, correct?
So if I want 100 EUR and you add 15% Airbnb to 115 EUR, then Airbnb charges us 17.25 EUR. 15% of 115 is 17.25. So we only get 97.75 EUR instead our wish base rate of 100EUR.
If I want 100 EUR per night and want to put the markup to 15% for Airbnb, the formula is 100EUR/85×100. Not 100EUR + 15%. So I get 117.647 as nightly rate. This minus 15% Airbnb Fees is 100.
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