Markup Rates | Support documentation (2024)

Hospitable allows you to customize a markup rate per platform or per listing.

Markup rates help you customize your pricing for the same listing on different channels. This allows you to get paid the same amount, regardless of channel fees.

The markup rate is added on top of the base pricing you see in your Hospitable calendar.

For example, if Airbnb charges 3% in fees and Vrbo charges you 8%, you might want to set the markup rates to 3% for Airbnb and 8% for Vrbo.

This means that if the base price on Hospitable.com is set to $100 a night, we'd push the price of $103 to Airbnb and $108 to Vrbo.

Listing vs Account-Level Markup Rates

You can set markup rates on the account level, as well as the listing level. If you have different rates at the account level and listing level, listing-level markup rates will always be honored first.

You might want to set listing-specific markup rates if you are required to collect specific taxes in your jurisdiction, for example.

Markup rates can be positive or negative.

Account Level

  1. Click on Settings

  2. Click on Preferences

  3. Select Properties in the left sidebar

  4. Input the percentage of markup rate for each booking channel. This can be a positive or negative number, or zero.

Markup Rates | Support documentation (1)

Want to learn more? Check out Setting Markup Rates for a Booking Platform


Listing Level

  1. Click on the property name

  2. Click on Markups under Pricing & Availability section in the submenu

  3. You may enter a negative, zero or positive value in the field for the markup rate

Your Hospitable calendar will always display your base rate. If you set $100 on Hospitable directly and your Airbnb markup is 3%, you should see $10o on Hospitable and $103 on your Airbnb calendar.

Likewise if you have $100 set on Airbnb and have an Airbnb markup rate of 3%, when we pull data from your Airbnb listing (assuming it's your lead platform) we'll remove the markup rate of 3% to display the base rate on Hospitable of $97.

Timing

If you have Pricing Sync enabled, prices are immediately pushed to their channels with the new markup rates.

If you have Pricing Sync disabled, the markup rate will be used to calculate prices pushed to your channels the next time prices are updated.

What if I use a Pricing Tool?

Markup rates are added to the base price in the calendar. For example, if you have PriceLabs and the rate is $100, the markup rate will be added to that.

Markup Rates | Support documentation (2024)

FAQs

Is it markup or mark up a document? ›

The noun markup is derived from the traditional publishing practice called "marking up" a manuscript, which involves adding handwritten annotations in the form of conventional symbolic printer's instructions — in the margins and the text of a paper or a printed manuscript.

What is a markup rate on hospitable? ›

Markup rates help you customize your pricing for the same listing on different channels. When updating the pricing on your calendar, markup rates are always added to the rate you set. For example, if you have a 3% Airbnb markup and set $100 as your nightly rate on Hospitable, $103 will be pushed to Airbnb.

What is the markup rate on VRBO? ›

A 5% commission fee is charged on the rental amount and any additional fees you charge the traveler (such as cleaning, pet, and boat fees). Bookings that originate from our expanded distribution partners may have higher fees.

What is a markup in documentation? ›

Document markup is the process of adding codes to a document to identify the structure of a document or the format in which it is to appear. Document markup is a communication form that has existed for many years.

What is the meaning of markup in document? ›

detailed instructions, usually written on a manuscript to be typeset, concerning style of type, makeup of pages, and the like. Digital Technology. detailed instructions indicating the format, style, or structure for an electronic document or web page.

What is the markup on Airbnb? ›

Reason for an Airbnb Markup

Most Hosts pay a flat service fee of 3% of the booking subtotal. The subtotal is your nightly price plus any optional fees you charge guests, like a cleaning fee, and doesn't include Airbnb fees and taxes. Guests typically pay a service fee of around 14% of the booking subtotal.

Can you negotiate prices on Airbnb and Vrbo? ›

The short answer is yes, you can negotiate your Airbnb stay. To do so, simply contact a host to ask for a discount or propose a lower price.

How much does the average vrbo owner make? ›

On average, Vrbo hosts can earn between $20,000 to $40,000 per year per property. However, top properties in high-demand areas can earn significantly more.

Which is correct, mark up or markup? ›

markup. 1 of 2 noun. mark·​up ˈmär-ˌkəp. : an amount added to the cost price of an article to set the selling price. mark up.

Does mark up have a hyphen? ›

mark-up in Accounting

A mark-up is a percentage that is added to the cost of a product, in order to cover costs and provide profit. The firm imports cement and sells it at a 10 percent mark-up.

How to use Word markup? ›

Try it!
  1. Select Review > Display for Review.
  2. Select the option you want: Simple Markup points out where changes are made with a red line in the margin. All Markup shows all edits with different colors of text and lines. ...
  3. In the Show Markup list, select the types of revisions you'd like to see: Comments.

What is it called when you mark up a text? ›

Annotating a text, or marking the pages with notes, is an excellent, if not essential, way to make the most out of the reading you do for college courses. Annotations make it easy to find important information quickly when you look back and review a text.

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