Airbnb Pricing Strategy: How I'm Pricing My Airbnbs in 2018!! 📈💰
Summary
AI-generatedLearn how shifting booking trends in 2018 necessitate a pricing strategy focused on profitability over occupancy. This involves understanding that guests book closer to their travel dates and adjusting prices upward to capture higher revenue from those seeking flexibility.
Key insights
Dynamic pricing services can help hosts price appropriately by considering local supply, demand, events, and proximity, potentially increasing revenue by 30-40% or more.
Mistakes to avoid
Pricing your property too low and filling your calendar far in advance can lead to missed revenue opportunities, as guests booking later are often willing to pay more.
Tools & resources
Short-Term Rental University (STRU)platform
Short-Term Rental University (STRU) offers resources and a community for hosts, including a Facebook group.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial