Pricing Basics for Small Hotels and B&Bs

You don't need expensive software to price better. You need a floor price, seasons and a weekly habit of checking demand.

Build your rate plan

1. Calculate your minimum price per night (costs per occupied night + margin)
2. Set seasons from your own booking history
3. Add weekday/weekend differences
4. List local events that push demand up

Weekly routine

• Check your pick-up (new bookings) for the next 30–60 days
• Compare a few similar properties' public prices
• Adjust in small steps

VAT

Remember that accommodation in Latvia carries 12% VAT for VAT-registered providers. See our VAT guide.

Last reviewed 29 October 2026. This guide is general information, not legal or tax advice. Check the linked official sources for your case.