In Wheelhouse, there are different types of minimum prices that affect your pricing. The most common is the Minimum Price setting itself. However, two other minimums also impact pricing: Historical Anchoring and the Absolute Minimum.
Here, we’ll go over how each of these settings affects your pricing and how they’re enforced across different pricing rules.
Overview of the Three Minimum Price Types
Historical Anchoring (Soft Minimum)
Historical Anchoring references booked prices from the last 12 months and uses them as a guardrail for future pricing. It compares the same day of the week from the previous year and can anchor pricing toward that booked rate based on the configured percentage.
Historical Anchoring only increases pricing recommendations and does not reference prior asking rates.
Enforcement by Historical Anchoring Rule:
Pricing Engine: Honored
Percentage Overrides: Not honored
Fixed Rates: Not honored
This means Historical Anchoring influences the Pricing Engine’s calculations but does not prevent Percentage Overrides or Fixed Rates from lowering pricing below historical levels.
Regular Minimum Price
This means the Regular Minimum Price acts as a firm floor for dynamically generated pricing. The Pricing Engine and Percentage Overrides cannot lower rates below this value. However, if a Fixed Rate is applied to a date, it can set pricing below the Regular Minimum.
Enforcement by Minimum Price Rule:
Pricing Engine: Honored
Percentage Overrides: Honored
Fixed Rates: Not honored
Absolute Minimum Price
The Absolute Minimum Price is the lowest price allowed under any circumstance. It acts as a hard stop within the system and cannot be bypassed by automated pricing logic or manual pricing adjustments.
Unlike other minimum types, the Absolute Minimum is enforced across the board. If pricing logic or overrides attempt to set a rate below this value, the system will automatically adjust it to the Absolute Minimum.
Enforcement by Absolute Minimum Price Rule:
Pricing Engine: Honored
Percentage Overrides: Honored
Fixed Rates: Honored
This means the Absolute Minimum is always respected, regardless of which rule type is applied.
If multiple minimum types exist, the Absolute Minimum takes precedence whenever pricing attempts to fall below it.
Note:
Minimum Stay settings also include an Absolute value, but that applies only to stay restrictions and does not affect pricing.
Minimum Price Enforcement Hierarchy
When multiple minimum price types are configured at the same time, enforcement depends on the rule type and the strength of the minimum.
If more than one minimum applies to a date, the system ultimately respects the highest enforced value based on how the pricing rule is applied.
Enforcement Strength (From Lowest to Highest)
Historical Anchoring (Soft Minimum)
Influences Pricing Engine calculations only.
Regular Minimum Price (Standard Floor)
Blocks the Pricing Engine and Percentage Overrides, but not Fixed Rates.
Absolute Minimum Price (Hard Stop)
Blocks the Pricing Engine, Percentage Overrides, and Fixed Rates.
How This Works in Practice
If the Pricing Engine generates a rate, all three minimums may apply. The highest enforced value will determine the final floor.
If a Percentage Override is applied, Historical Anchoring no longer protects the rate. The Regular Minimum and Absolute Minimum still apply.
If a Fixed Rate is applied, only the Absolute Minimum acts as a guaranteed safeguard.
The Absolute Minimum Price always serves as the final protection layer and cannot be bypassed by any pricing rule.
Need help?
If you have questions about how minimum prices are affecting your listing, please reach out to our Chat Support team, and we’ll be happy to assist.