You can also set different levels of discounts for different booking windows. Dynamic pricing tools like Beyond Pricing, PriceLabs and Wheelhouse can help you find the best nightly rate for your vacation rentals at any given time. Watch the recording of the webinar: Choosing a Pricing Strategy for Short-Term Rental. Strategy A: Calculate Airbnb Cost & Profit. Renting out an investment property on Airbnb isnt a strategy suited for everyone; however, those who choose to pursue the option often reap the rewards. You can offer discounts for longer stays or low-season bookings. It highlights new listings and allows them to rank higher in search results until they get their first 3 bookings. This new feature doesn’t override any of your existing settings, it simply adds an additional option from guests to choose from. After all, more positive reviews can translate to more earnings—a win-win! Going beyond that would take an infinite amount of time. This way, guests looking for longer stays will be able to find your rental more easily. Airbnb is doing a huge push to compete with hotels. Competitive pricing can also help your listing stand out in search. The best thing about promotions is that most of them (except for the last-minute promotion) make you eligible for Airbnb’s merchandising options. Watch a video of the Airbnb pricing master class with Ian McHenry, the CEO of Beyond Pricing, and discover what factors you need to take into account to set the right price for your listing. Looking ahead will also help you learn how hosts near you adjust pricing seasonally, on weekends, and for special events or holidays. That’s where smart pricing tools can help you. Their algorithms generate pricing recommendations based on a myriad of factors, from real-time market demand to your competition’s performance. This is the moment when you should consider another Airbnb pricing strategy. Due to demand, anyone can get by in high season, but it is the Airbnb slow season that separates the professionals from the amateurs. Your Airbnb pricing strategy can make or break your vacation rental business. Airbnb may minimize the need for hotel seasonal pricing In some markets, Airbnb’s flexible capacity may upend traditional pricing strategies, allowing hotels to benefit from conducting less seasonal pricing or from considering counter-seasonal pricing, the report finds. #4 Airbnb Pricing Strategy: Don’t Price the Same for High Season and Low Season. Ultimately, adopting this new fee structure can help you get more bookings. You need an active annual pricing strategy to account for the low and high seasons. Depending on the size of your discount, you’ll get a tag saying “new lower price” or strikethrough pricing in search results, a new line in your price breakdown, or a “good price” sticker below the price total. Airbnb says that its new service fee structure (“Simplified Pricing”) allows hosts to have a more accurate pricing strategy as they are able to set and see what the guests will end up paying. Guests are hesitant to book listings with no reviews, so for new hosts, setting your price a little lower than your ideal number is a great way to attract guests. Jane has x3 different prices for her Airbnb apartment. We know how to price your vacation rental to get more bookings. Frequently adjusting your rates in response to the fluctuations in demand can drastically boost your revenue. The host-only fee is a new optional fee structure on Airbnb which helps attract guests by removing the service fee (up to 20%) from the price displayed to guests. Before I dive in and give you my opinion on the different tools right now, I first wanted to give you a quick example of just how powerful they can be. Simply adds an additional option from guests to book extended stays this new feature ’... 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