Sirvoy has many tools for changing room rates. However, when combining several settings, which one will take priority? This article explains how prices are calculated in Sirvoy.
Please note below that some settings will modify the rate (adjust up or down), while other settings will override the rate (completely replace it with a new rate).
Rates are calculated in these steps:
1. Base rate
Sirvoy will first look for the base rate (Settings -> Accommodation -> Room Type).
2. Seasonal/temporary price changes
Next, Sirvoy will look for any price changes (Settings -> Price Changes -> Seasonal prices & temporary price changes). If found, the base rate will be modified accordingly.
3. Price entered on the Rates page
If a spot price has been registered through the Rates page, any rate found in the preceding steps will be ignored and overridden. The price entered on the Rates page will be used instead.
4. Discount for longer stays
Next, Sirvoy will check for any adjusted nightly rates for another number of nights (Settings -> Price Changes -> Discount for longer stays -> Adjusted nightly rate). If a discount exists for the current stay length, it will be applied on top of the rate from steps 1-2 (spot price will be ignored and weekly/monthly rates cannot be combined with “Adjusted nightly rate” ).
Discounts can be either percentage or fixed amount.
For example, if a 10% discount is found, the new rate will be $117 (base rate $130 – ($130 * 10%)). If a $10 discount is found, the new rate will instead be $120 (base rate $130 – $10).
5. Calculate average nightly rate
Steps 1-4 are done for each date throughout the stay, and an average nightly rate is calculated.
6.Weekly or monthly rate
If the stay length matches full weeks or months, and such a rate is configured (Settings -> Price Changes -> Discount for longer stays), the rates from the preceding steps will be ignored and overridden by the weekly/monthly rate. Note that weekly/monthly rates cannot be combined with other discounts (e.g. 1 week + 3 nights) or each other (e.g. 1 month + 2 weeks). However, a rate can be combined within itself if you have several periods with weekly/monthly rates and the booking overlapping these periods is on full weeks/months. The average price will be calculated and given as a weekly/monthly rate.
However, if a booking is for three weeks, the rate for the first week being $770 and the next week $670, but the third week has no weekly rate added and only has a nightly rate of $150, the nightly rate will be applied for the room over the entire three weeks (or, if other price changes have been added during this period as described in points 2-5, those prices will apply instead) and the weekly rate will be ignored. ($150 x 21)
7. Do we have a discount code?
If a valid code is applied, the rates from the preceding steps will be modified accordingly. (If you have selected the option “Fixed replacement price for each product”, the rates defined for the code will instead override the rates from the preceding steps.)