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Price adjustments

In response to market circumstances and to meet higher costs due to inflation, currency conditions and continuous price adjustments from our third party suppliers, BookVisit will make a small price adjustment on our fixed monthly fees starting March 2024. We have since the start twelve years ago never index adjusted our pricing for our customers even if our suppliers of network fees, PCI security, hardware and software licenses have annually increased their prices. We have also seen a dramatic cost increase from these suppliers last twenty four months. Our goal is always to deliver the best product and exceptional customer service and with this small adjustment we can continue working with the best third party vendors.

The price adjustment will affect the fixed monthly fees (“Subscription fees”) for applications that have been active since december 31th 2022 or earlier. The upcoming change was communicated to all applicable customers in beginning of Febuary 2024.

BookVisit understands that the market conditions are challenging for the hospitality industry, and we do not strive to make increases above a comparable index. We have therefore compared LCI for our industry and made adjustments that are well below what index adjustments would allow, clearly showing that we aim to maintain a partnership rooted in mutual support and understanding. Our commitment is to walk alongside you, adapting to economic pressures without compromising the value we deliver. We strive to be an ally in your success, ensuring that our services remain accessible, reliable, and conductive to your growth, even in tough economic times.

The price changes that will be applicable to your monthly fixed fees can be found in below table. Comparable period is the beginning of each year, for comparison.

Subscription fee without
index adjustments since period:
Index adjustment
from March 2024
Index adjustment
LCI comparison *
     
January 2019 10% 17,3%
January 2020 8% 15,7%
January 2021 6% 11,6%
January 2022 4% 9,1%
January 2023 2% 3,9%

 

* LCI for salaried employees in private sector (AKI) for information and
communcation companies Nov 2018 vs Nov 2023, Nov 2019 vs Nov 2023, Nov 2020 vs Nov 2023, Nov 2021 vs Nov 2023 and Nov 2022 vs Nov 2023. Index updates can be found via the Statistical Database:
https://www.scb.se/en/finding-statistics/statistics-by-subject-area/labour-market/wages-salaries-and-labour-costs/labour-cost-index-for-wage-earners-and-salaried-employees-in-the-private-sector-aki/ Select Labour cost index for salaried employees in private sector (AKI), preliminary index figures , 2008M01=100 by month and industrial classification NACE Rev. 2, group J information and communication companies.

If you have questions about this, do not hesitate to contact our Finance department, [email protected].