We discussed about setting Minimum Stay Restrictions. Minimum Stay is an important revenue optimization setting second to Dynamic Pricing.

A fundamental strategy of lower minimum stay close in, longer minimum stay far out and automatically reducing stay restriction for gaps can have amazing results. On top of this, if you layer on Minimum Stay Restriction by Season, you are golden.

So, if you haven’t set minimum stay customization, I’d recommend doing it yesterday. While setting it up, don’t get too much into analysis paralysis, though. Start with PriceLabs’ recommendation engine and customize it to the operational constraints or strategy you want to adopt.

Some help articles on what we covered (and didn’t cover):

1. Setting rolling Minimum Stay restrictions

2. Using Minimum Stay profiles so that you easily use the same setting between two properties or seasons.

3. Using rolling Minimum Stay by Season through custom seasonal profiles.

4. (Bonus) If you are interested in how the world’s First and only Minimum Stay Recommendation engine works? Read this article from our data science team.