The correct currency in BedBooking is a key element that affects your manually entered reservations, the Reservation System and sales channels such as Booking.com or Airbnb. Below you'll find steps on how to change your currency and how it affects different platforms.
What will you find in this article?
- Step by Step: How to Change Currency?
- Impact of Currency Change on Booking.com
- Impact of Currency Change on Airbnb
Step by step: How to change currency?
Step 1: Go to the "Price list" section in the menu and then click on the "Configuration" tab or click on the "Settings" button in the "Set prices" tab.
Step 2: Click on the “Currency” tab.
Step 3: Select your currency.
Step 4: Save your changes.
Once saved, all prices entered will be valid in the selected currency. Prices completed so far will not be converted, taking into account the exchange rate.
Example:
If the Price list included an amount of EUR 100, then after changing the currency to PLN the amount will be PLN 100.
Remember to adjust the completed prices to the new currency.
Impact of currency change on Booking.com
One of the conditions for connecting properties to the Booking.com calendar is the compatibility of currencies on both platforms. However, changing the currency in BedBooking is possible at any time, even after connecting the property to Booking.com.
Keep in mind that changing the currency in BedBooking will not affect the currency in Booking.com. The currency on Booking.com depends on the location of your property, and Booking.com usually does not allow you to change it.
Prices will be transferred to Booking.com with exactly the same value as entered in the Price list.
Example:
If the currency in the BedBooking Price list is EUR and you have set the price per night to EUR 100, the value "100" will be sent to Booking.com. If your offer on Booking.com is in PLN, you will sell accommodation for PLN 100. Depending on the specific currencies, this may lead to under- or over-pricing on Booking.com.
Impact of currency change on Airbnb
When you change the currency in BedBooking, you also change it in Airbnb. Accommodation prices and fees on Airbnb will automatically be converted according to the exchange rate. This means you don't have to manually adjust Airbnb prices after changing your currency in BedBooking. Of course, it's a good idea to check the amounts you've converted against the exchange rate to make sure these are the amounts you want to offer on Airbnb.