Change your prices NOW! (By April 18th)

13.2K views9 months ago14m 51sScore: 78

Sean Rakidzich

Pricing & Profitability
beginner
Pricing Strategy
Dynamic Pricing
Revenue Management
Seasonal Pricing
Occupancy

Summary

In this video, Sean Rakidzich urges short-term rental hosts to regularly adjust their prices in response to market conditions and their competition, highlighting the need to raise prices sufficiently for peak seasons and lower them enough during the off-season to maintain bookings. He explains that not changing prices effectively can significantly impact profitability and long-term business sustainability. Rakidzich outlines how future calendar fill rate and trailing occupancies are critical data points to consider before implementing changes to pricing.