The 2 Pricing Levers That Drive Your Revenue ft. Kyle Driskell
Summary
AI-generatedThis video explains how to optimize short-term rental revenue by mastering two key pricing levers: base price and occupancy-based adjustments. Hosts will learn how to set an accurate base price using market data and leverage dynamic adjustments to fill gaps without sacrificing peak season rates.
Key insights
PriceLabs' algorithm learns from your base price and performance over 7-21 days, recommending adjustments if your occupancy or ADR is outperforming or underperforming the market.
Mistakes to avoid
Do not include taxes, cleaning fees, or other service fees when calculating your base price. The base price should represent the true average nightly rate before additional charges.
Tools & resources
PriceLabs Free Trialservice
PriceLabs offers a free 30-day trial for hosts to test their dynamic pricing tools and revenue acceleration features.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial