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Your new home for pricing, Price Compass brings together pricing expertise, market insight and the controls that matter to you, all in one place in your Owner Portal and App.
The way guests book is changing — stays are getting shorter, decisions are being made later, and demand shifts more than it used to. Price Compass gives you a clearer view of your pricing and more flexibility in how it is managed.
You've always had the benefit of pricing expertise working in the background — your letting history, local market insight and our years of experience shaping your rates.
Price Compass builds on that. The same expertise, now with greater visibility and more control whenever you want it — so you can be as hands-on or hands-off as you like.
1. Ready from day one
We’ll calculate your Seasonal Minimum Booking Values using your property’s own letting history, our pricing expertise and market demand in your area. They’ll be set and ready in Price Compass — nothing is required from you.
2. Review or adjust
Open Price Compass in the App or Owner Portal to view your Seasonal Minimum Booking Values. You can adjust each season’s value within the recommended range to suit you.
3. Or leave it with us
Prefer to stay hands-off? We’ll continue to manage pricing on your behalf and your Account Manager is on hand to support you as always.
About Price Compass
Price Compass brings together pricing expertise, market insight and owner controls into one simpler, clearer experience. It helps keep your property competitively priced while giving you greater visibility and more control where you want it.
We’re building on a strong pricing approach by introducing new tools, controls and visibility that help owners better understand pricing and get more from every booking opportunity.
It means you can set the minimum value you’re comfortable accepting within the recommended range, and our pricing expertise, market insight and technology work above that minimum to maximise booking opportunities and revenue potential.
No. Your Account Manager remains an important part of your support network and will continue to help you make the most of your property.
Price Compass introduces clearer controls, greater transparency and smarter pricing tools that help you get more value from every booking opportunity.
Pricing Questions
We will continue to manage your pricing in line with current revenue management strategies. The introduction of Seasonal Minimum Booking Values will increase booking opportunities where market conditions allow, with slightly lower minimum booking values in winter to drive bookings, and higher minimum booking values in the shoulder and summer seasons to protect against prices falling below a level you’re comfortable with when demand is high.
Rest assured, whilst we are releasing our recommended minimum booking values to you for your property, you are in control, and can adjust these within the recommended range, in the Portal or the App.
Pricing performance depends on many factors, but Price Compass is designed to help you capture more booking opportunities, better protect valuable periods, and improve pricing decisions over time.
Yes. A key objective of Price Compass is to give you greater visibility and more control where you want it.
That’s fine. Price Compass is designed to support property owners who want to be hands-on, and those who’d rather we do most of the work.
Seasonal Minimum Booking Values
It’s the minimum booking value you’re comfortable accepting for your property at different times of the year, and for different booking-duration categories. It’s the core pricing protection mechanism in Price Compass.
Broadly, yes — but not quite the same figure. A floor price was a single minimum value set for your property for the whole year. A Seasonal Minimum Booking Value is set for each of the seasons, so the figure changes through the year — typically a little lower in winter to help drive bookings, and higher through the shoulder and summer seasons to better protect your property’s value when demand is high.
One of the aims of Price Compass is to simplify pricing language and make it easier for owners to understand how pricing works.
No. Minimum booking values only affect new bookings from the point they take effect. Confirmed bookings are untouched.
Local Events
An event’s minimum booking value only replaces your seasonal value when it’s higher. If your event value is lower, your Seasonal Minimum Booking Value still applies.
As with seasons, any booking that overlaps the dates of an event is subject to that event’s minimum booking value.
Each event can run for 1 to 7 nights. If you need longer, you can place events back to back.
You can create up to 5 events each year in the App or Owner Portal.
No. You have complete control over the minimum booking values you set for your events.
No. Your event minimum booking value only applies to new bookings. Confirmed bookings stay at their original price.
No. Events are set at property level, so you’ll need to add them to each property separately.
Support and Contracts
As Price Compass features are introduced, the way we work together to manage your pricing will evolve too. When we introduce a new pricing control, or make changes to an existing one, we’ll always explain what’s changing, why we’re making the change and what it means for you. We’ll also give you advance notice before any changes take effect, as we have done in relation to Seasonal Minimum Booking Values.
No. Existing access arrangements remain unchanged.
No. Any changes are intended to support new functionality, provide greater clarity and enable additional owner controls.
No. Existing support channels and Account Managers remain in place.
I joined Sykes in 2017, and my job is to help give useful information and advice to existing or potential holiday let owners. ...
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