Spacebring allows great flexibility when setting booking pricing. For example, you can set a flat price regardless of booking duration or set up variable pricing depending on booking duration. You can set one or multiple money and credit price tiers for each of your resources.

In this article, we'll explain how pricing works, how to create price tiers, and how to accommodate different use cases for your booking pricing.

Understand price tiers

Booking duration refers to the total amount of time, measured in hours, for which a resource is booked. The booking duration is determined by a booker at the point of booking. You can influence it with min. and max. time properties of your resources.

Price tier is a specific pricing level that a booking falls into based on its duration. You can determine the price tiers for each resource.

Example Price Tier	Example Booking Durations
Less than 4 hr	0.5 hr, 1 hr, 3 hr, 3.5 hr
From 4 hr	4 hr, 7 hr, 11 hr
From 12 hr	12 hr, 16 hr
From 24 hr	24 hr

Unit price and flat price are properties of a price tier. They are configured independently and are unrelated.

Type	Definition	Example(s)
Unit Price	The cost to book the resource for a specific duration, measured per hour.	If the unit price is $10 per hour and the booking duration is 6 hours, the total cost would be 6 hours × $10 = $60.
Flat Price	The fixed price for using the resource, regardless of the booking duration within a price tier.	If the flat price is $100 for any booking lasting 6 hours or more, then the price for all such bookings will always be $100, regardless of the actual number of hours booked

How the booking price is calculated

The total price for a booking that falls within the specific tier is determined based on the unit price and the flat price.

Only the unit price is non-zero: the total price is calculated by multiplying the booking duration by the unit price.

Only the flat price is non-zero: the total price is always fixed, regardless of the booking duration within the specified tier.

Both unit and flat prices are non-zero: the total price is calculated by multiplying the booking duration by the unit price and then adding up the flat price.

Add price tier

You can add price tiers when adding or editing your resources.

Price tiers are available for rooms, desks, and parking lots.

To add a price tier, do the following:

Navigate to the Locations > Settings page > choose a page where you want to add price tier for your resources (Rooms, Desks, or Parking).
Start adding or editing the resource.
Press "Add Tier."
In the "From" value, select the starting booking duration for the price tier.

If you don’t see the desired value here, it means you have already created such a price tier.

5. Specify prices. If the unit price doesn't apply, leave it as "0." If the flat price doesn't apply, leave it as "0."

Room price tiers on Spacebring's coworking space management platform.

By default, new resources have a single price tier with a unit price, which can be edited anytime.

Price tiers must have at least one non-zero price defined.

6. Tap "Save" and confirm the change to the resource by pressing the "Save" button at the top again.

Edit price tier

Navigate to the Locations > Settings page > choose a page where you want to edit price tier for your resources (Rooms, Desks, or Parking).
Tap on the tier.
Adjust the necessary values.
Tap "Save" and confirm the change to the resource by pressing the "Save" button at the top again.

The "From" value shows the predefined hours to choose based on the earlier created tiers.

The "Less than" hour value in the first price tier automatically updates based on the "From" value in the second tier. To change it, edit the "From" value in the second tier.

Delete price tier

Navigate to the Locations > Settings page > Rooms and pick a resource where you want to delete the tier.
Tap on the tier and press "Delete.
Tap the "Save" button at the top to apply the changes.

The first tier cannot be removed but can always be edited if needed.

View price tiers

When editing the resource, administrators can view all price tiers in the "Payment" section.

All users can view price tiers by going to the Locations > Rooms, Desks, or Parking pages and pressing the ⓘ Information icon next to the resource.

When users visit the Rooms, Desks, and Parking pages to view all available resources, the first price tier is displayed by default. To view additional pricing options for a specific resource, users must open its details page or begin the booking process.

How to use price tiers

You can explore various pricing tier scenarios and offer your customers flexible pricing. The goal of having multiple price tiers is to provide flexibility in pricing to attract a diverse range of customers and maximize your revenue.

Use cases

Scenarios	Goal	Setup
Flexible hourly rates	Offer a lower hourly rate on longer bookings	Set the first price tier with the price for the booking with the highest price and shortest duration. Add a second tier and in the "From" value from which booking duration, the lower price can apply and set the "Unit Price" Add more tiers for bookings with a longer duration.
Daily rate	Offer a discounted rate for full-day bookings.	In the first price tier, set the hourly rate for bookings of less than 1 day. Define from how many hours users will have the daily rate applied. Add a second price tier and select this number of hours in the "From" value. In the "Flat Price," set the amount that users must pay if they book for the stated number of hours or more. Keep "0" in the "Unit Price" field.
Half-day rate	Offer a discounted rate for half-day bookings.	In the first price tier, set the hourly rate for bookings of less than half-day. Define from how many hours, users will have the half-day rate applied. Add a second price tier and select this number of hours in the "From" value. In the "Flat Price," set the fixed amount users must pay if they book for the stated number of hours or more. Keep "0" in the "Unit Price" field. If necessary, create a third tier to cover cases when users take the full-day rate or other rates.
Hourly rate + flat price	Offer an hourly rate for a booking in addition to which the fixed rate will be charged for each booking. For example, it's useful when you need to charge a fee for cleaning if bookings last more than 6 hours.	In the first price tier, set the hourly rate for bookings less than the booking that you want to accommodate. Define from how many hours, users will have the flat fee applied. Add a second price tier and select this number of hours in the "From" value. In the "Unit Price" set the hourly rate for such bookings. In the "Flat Price," set the amount that users must pay if they book for the stated number of hours or more.

FAQ

How many price tiers can be created for one resource?

There are no limitations on the number of tiers. The limitations may apply only if you have used up all the tiers regarding the hour limitations.

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