Discounts and Markups - A User's Guide

Discount and Markup Functionality User Guide

This functionality allows you to apply Discounts or Markups to the reservation based on flexible criteria like date range, occupancy, and days of the week.  The following videos explain how to set up discounts and Owner Markups.

Discounts: A How To

Discounts: Owner Mark-Ups - What Are They?

Owner markups can be applied under Properties > Discounts.  The Owner Markup checkbox must be selected for the markup for it to be applied as an owner markup.  An owner markup adds the markup to rent.  The amount of money added as an owner markup will be distributed to the owner as rent.  Keep in mind that commission is also calculated based on this amount.

8.1.0 Release - Percentage Discounts Cannot Be Configured as a Nightly Charge

Discounts and Markups are setup under the ‘Properties’ main menu, (Properties > Discounts/Markups).

When creating a new discount or editing an existing discount if the amount type of ‘Percent’ is selected the ‘Nightly Configuration’ will display inactive.

A discount or markup can only be configured as a nightly charge when it is configured as a fixed dollar amount and not a percentage.

8.6.5 Release - Copy Discount Functionality

Reservation discounts and markups are configured on the discounts/markups window, (Select the ‘Properties’ main menu option > Select the ‘Discounts/Markups’ menu option).

Vacation rental employees can copy any discount or markup by selecting/highlighting a preexisting discount/markup entry and selecting the ‘Copy’ button.

When the ‘Copy’ button is selected, a new entry with the same name will display above the original entry with the text (Copy) after the name value.

All discount/markup configurations are copied to the new discount/markup event.

The properties assigned to the original discount/markup are NOT copied to the new discount/markup event.

Vacation rental employees are required to assign properties to the new copied discount/markup event.

8.7.0 Release Update - By Property Calendar Discount Code Functionality Update

Property discounts are set up on the ‘Discounts/Markups’ window, (Select the ‘Properties’ main menu option > Select the ‘Discounts/Markups’ menu option). 

Discounts can be configured with a ‘Promotional Code’ created by the vacation rental employee.

Discounts set up with a promotional code value will only be applied when the ‘Promotional Code’ value is provided during the creation of the reservation.

From the ‘By Property’ calendar, (Select the ‘Calendar’ main menu option > Select the ‘By Property’ menu option), a ‘Discount Code’ drop down menu displays all discounts applicable to the property containing a ‘Promotional Code’.

The vacation rental employee can select the promotional code discount that should be applied to the reservation instead of being required to remember the configured promotional code and manually applying the value when creating a new reservation.

When a ‘Discount Code’ option is selected, the reservation will not recalculate until the ‘Recalculate Price’ button is selected.

When the ‘Recalculate Price’ button is selected, the discount will display within the reservation calculation.