How to price your STR with Multiple Base prices

The Short Term ShopApr 21, 20260m 52s588 viewsScore 75
Pricing & Profitability
intermediate
dynamic pricing
multiple base prices
PriceLabs
seasonality
demand factor
M

Summary

AI-generated

This video explains how to effectively use multiple base prices (MBPs) in dynamic pricing tools like PriceLabs. It advises hosts to turn off or reduce the seasonality and demand factors within the tool when using MBPs to maintain greater control over their pricing strategy.

Key insights

  • When using Multiple Base Prices (MBPs) in pricing tools, it's recommended to turn down or off the seasonality and demand factor settings to avoid conflicts and maintain control.

Mistakes to avoid

  • Relying solely on a single Airbnb price throughout the year is a mistake, as it fails to account for significant changes in seasonality and demand.

Tools & resources

  • PriceLabstool

    PriceLabs is a dynamic pricing tool that offers features like seasonality and demand factors, which can be adjusted when using MBPs.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial