What's New?

July 2018

Channel Commissions

  • New feature - provides the ability to set, calculate and report on channel commission fee for each reservation.
  • Help Center Article

 

Markups

  • New UI.
  • Moved to Listing > Financials.
  • Added account level markups. (Account > System Settings > Markups)
  • Added markups for Airbnb and Agoda.
  • Deprecate fixed Markups functionality.
  • Updated calculation for markups:
    • Old calculation:
      10% Markup on $100 equals to $111.1.
    • New calculation:
      10% Markup on$100 equals to $100.

 

 

Markups Value Migration

  • Only applies on existing Markups (Booking.com direct and Booking Website).
    Note: Booking Website and Manual reservations will share a markup value.No changes to
  • Current prices in Booking.com or the Booking Website - only the Markup value will change.
    For example:
    • Old settings are:
      Markup = 10%, base price = $100, Extra Person Fee = $0. Nightly rate = $111.1
    • New settings are:
      Markup = 11.1%, base price =$100, Extra Person Fee = $0, Nightly rate = $111.1
  •  Help Center Article

 

Markups Account Settings Migration

  • Account level Markup values are equal to the most common existing values in the account.
  • For example:
    • if the existing common values for Booking.com are 22% and for Booking Website 18% then these will be the account level Markup values.
    • If an existing Markups value is different than the account level Markups - then the “Use account settings” will be off. Otherwise, it’s automatically on.

 

Revenue Share

  • New UI.
  • Listing settings moved to Listing > Financials.
  • Account settings location has not changed.
  • Added “Owner’s Revenue” formula.
  • Added the ability to retroactively apply changes. (Listing & Account)
  • Help Center Article

 

Upcoming Integrations

 

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