Activating Guesty PriceOptimizer

Guesty PriceOptimizer is a data-driven, machine-learning tool that gives you recommendations for your listings' nightly rates based on different time period intervals. Our interactive software takes several details into account based on market trends to offer the best-suggested prices.

PriceOptimizer helps maximize revenue and occupancy while saving you time and minimizing manual mistakes, making it an ideal tool for your property management business. Suggested prices can be manually adjusted at any time based on your individual needs. 

Before you begin

Before activating, please note the following:
  • Eligibility requirements including geo location can be found here.
  • You must deactivate any other connected smart pricing tool before using PriceOptimizer to avoid pricing conflicts in your calendar.
  • If you make manual adjustments to pricing in the multi-calendar it will sync with PriceOptimizer, appearing as a manual price in the pricing forecast graph. Learn more.
  • Use of Guesty PriceOptimizer starts with a 30-day free trial, that can be cancelled at any time.
  • The trial starts from when the PriceOptimizer tool is activated (step 1 below).
  • You must enable each listing for the recommended pricing to apply (step 2).
  • We suggest reviewing the pricing recommendations for each listing before you enable it. You can also follow these instructions to make some adjustments on the listing, before enabling, to see how they affect the pricing.
  • You'll be notified 2 days before your trial ends. After the free trial, for every listing with PriceOptimizer you’ll be billed 1% for each reservation.

1. Activate PriceOptimizer

Step by step:

  1. Sign in to your Guesty For Hosts account.
  2. In the top-right corner, click the diamond icon.
  3. Click PriceOptimizer.
  4. Click Claim your 30-day free trial.
  5. In the pop-up, read then click the tickbox to accept the Terms & Conditions and Pricing Plan.
  6. Click Start your free trial.

Your 30-day free trial period has started. You can now review the pricing recommendations for each of your listings. The pricing recommendations will not apply until you activate PriceOptimizer on each listing following the steps below. Once activated on a listing, the recommended nightly rate will automatically update in the listing's calendar and will recalculate on a daily basis.

2. Activate PriceOptimizer on a Listing

Step by step:

  1. Sign in to your Guesty For Hosts account.
  2. In the top-right corner, click the diamond icon.
  3. Click PriceOptimizer.
  4. Click anywhere in the relevant listing to open its pricing information.
  5. Review the pricing information by clicking on the following views at the bottom of the graph:
    1. Current pricing is the gray line in the graph and shows your current listing rates.
    2. Recommended pricing is the blue line in the graph and represents PriceOptimizer pricing recommendations.
    3. Market pricing is the green line in the graph and shows the pricing of similar listings in the market.
  6. Set the minimum and maximum rate limits in the Pricing forecast tab. See how to perform these actions here.
  7. Click Pricing strategy to define your base price and how dynamic factors will impact your listing. See how to perform these actions here.
  8. When the listing's pricing is to your liking, click on the toggle next to PriceOptimizer off located in the top right of your listing to activate it.
  9. In the resulting pop-up, click the blue Activate button to confirm. It is important to note that PriceOptimizer will override any rate strategy rules you may have.

PriceOptimizer can be turned on or off for each listing at any point. To deactivate, simply click the toggle again. See more information here.

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