The Base Price is really important as it is the starting point for our price calculation. Think of it as the average price for your reference room for the year.
We’ll go above it during periods of high demand and below it during periods of low demand. Setting the correct Base Price for your property is key to maximizing revenue. Once the right Base Price is set, we can appropriately apply our intelligent pricing algorithm.
The recommended prices will more or less scale with the Base Price (before maximums/minimums are applied). Thus, if you have a Base Price of $200, your prices would be around twice as high as if you have a Base Price of $100.
Base Price is set in the Room Type Setup