Product
Understanding the 'Product' Concept in Lavanda
1. Definition: A product, in our context, is essentially the sellable item that guests select and purchase.
2. Composition:
Space: This refers to either a specific unit or a unit type within our inventory.
Pricing Line: The pricing structure can vary based on different durations such as nightly or calendar monthly rates.
Availability: Whether the space for this product is available
Terms of Sale: These dictate the conditions of the purchase and include elements like the cancellation policy.
Eligibility Criteria: The product may have specific prerequisites for purchase such as:
Length of stay requirements
Contractual obligations
Down-payment details
Associated fees
Billing cycles
3. Visibility: The product is what guests encounter and interact with on various booking platforms. Whether they're navigating Lavanda's in-house booking engine or exploring external channels like Booking.com and Airbnb, it's the product they see and select.
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