How To KNOW Your Airbnb Base Price w PriceLabs

Optimize My Airbnb: I Help Airbnb Hosts Make MoneyMar 9, 20247m 7s20.8K viewsScore 85
Pricing & Profitability
intermediate
base price
dynamic pricing
PriceLabs
occupancy targets
booking lead time
M

Summary

AI-generated

This video teaches Airbnb hosts how to determine their optimal base price using a two-step strategy involving booking lead time and occupancy targets. It also covers how to leverage tools like PriceLabs for dynamic pricing adjustments and last-minute discounts.

Key insights

  • If your actual occupancy at your booking lead time is higher than your target, increase your base price by 10%. If it's lower, decrease it by 10%.

Mistakes to avoid

  • Waiting until the last minute to notice an empty calendar and then drastically lowering prices is an inefficient strategy that leaves money on the table.

Tools & resources

  • Profitable Properties Programcourse

    The 'Profitable Properties Program' offers hands-on, up-to-date advice on STR pricing and operations, including interaction with the instructor and community.

Frequently Asked Questions

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