What is Dynamic Pricing & Why You Need It
3.1K viewsover 4 years ago12m 25sScore: 82
Short Term Sage - Airbnb, Vacation Rental Host
Pricing & Profitability
beginner
Dynamic Pricing
Pricing Strategy
Revenue Management
Occupancy
Seasonal Pricing
Summary
This video explains what dynamic pricing is and why it's important for short-term rental hosts. Dynamic pricing adjusts rates in real-time based on demand, seasonality, and local events. The hosts advise against using Airbnb's smart pricing and suggest using external dynamic pricing tools like PriceLabs and Wheelhouse, which can help to boost revenue, increase occupancy, and aggregate data.
