What is the purpose of this calculator?
The calculator allows hosts to input their pricing, discounts, taxes, and commission rates for Bookgin.com listings. It calculates the total amount guests will pay and the gross/net amounts hosts will receive after all deductions. This helps hosts understand their earnings and set competitive prices.
How to use the calculator?
To use the calculator, simply enter your base price and non-refundable fees, any discounts you wish to apply, applicable taxes, and your commission rate. The calculator will automatically calculate and display the total amount guests will pay and the amount you will receive after all deductions.
What is the "Adjusted" pricing?
Adjusted pricing is specifically designed for small hosts who have a clear idea of how much they want to receive in-hand for a booking but may find it challenging to define the right rack rate, including discounts, when listing on Booking.com. This calculation method allows hosts to input their desired net earnings and automatically determines the necessary markup to ensure that, after all deductions — such as taxes and commissions — they receive exactly what they intended.
This feature empowers hosts to confidently set their pricing strategies. They can define their target amount and discount strategies while understanding how the markup affects their overall pricing. By using adjusted pricing, hosts can optimize their visibility on Booking.com without sacrificing their desired earnings. This approach not only simplifies the pricing process but also aligns with effective marketing strategies that enhance property visibility and attract more guests.
In essence, adjusted pricing allows hosts to focus on their financial goals while still implementing competitive pricing tactics that can improve their listing's attractiveness, ensuring they reach potential guests effectively.
This feature empowers hosts to confidently set their pricing strategies. They can define their target amount and discount strategies while understanding how the markup affects their overall pricing. By using adjusted pricing, hosts can optimize their visibility on Booking.com without sacrificing their desired earnings. This approach not only simplifies the pricing process but also aligns with effective marketing strategies that enhance property visibility and attract more guests.
In essence, adjusted pricing allows hosts to focus on their financial goals while still implementing competitive pricing tactics that can improve their listing's attractiveness, ensuring they reach potential guests effectively.
How does the markup work?
Instead of entering a markup percentage, the calculator automatically calculates the necessary markup based on your desired net earnings that would be equivalent to the amount entered as Base Rate.
For hosts using the "Adjusted" pricing option, this means that you can set your rates in the Booking.com calendar by marking up your prices according to the calculated markup. This approach allows you to confidently price your listings, ensuring that the amount you receive aligns with your financial goals while still remaining competitive in the market. By using adjusted pricing, you can effectively manage your earnings without needing to navigate complex calculations on your own.
For hosts using the "Adjusted" pricing option, this means that you can set your rates in the Booking.com calendar by marking up your prices according to the calculated markup. This approach allows you to confidently price your listings, ensuring that the amount you receive aligns with your financial goals while still remaining competitive in the market. By using adjusted pricing, you can effectively manage your earnings without needing to navigate complex calculations on your own.
Can I adjust my pricing after seeing the calculations?
Yes! You can easily modify any of the input fields to see how these changes affect guest payments and your earnings.
Is there a limit to how many times I can use the calculator?
No, there are no limits! You can use the calculator as many times as you like to test different pricing strategies or scenarios until you find what works best for you.
What if I have specific tax regulations to consider?
The calculator allows you to input custom tax rates based on your local regulations. Be sure to add the same taxes set in your Booking.com listing. You can find them in your extranet account. Check this help article for more details.
Is my data secure when using this app?
Yes! We prioritize user privacy and data security. Your inputs are not stored or shared with third parties.