How to Price an Airbnb (Make More Money)
Summary
AI-generatedThis video explains a pricing philosophy centered on occupancy targets rather than just average daily rates. Hosts will learn how to benchmark their property's performance against top competitors and make weekly micro-adjustments to their pricing to maximize returns and avoid drastic rate cuts.
Key insights
Pricing based on occupancy targets, aiming for the 75th percentile of market performers, is presented as a more effective strategy than relying on average daily rates or 'set it and forget it' pricing.
Mistakes to avoid
Relying solely on average daily rates (ADR) as a pricing guide can be misleading, as your listing may perform better or worse than the average based on its unique features and amenities.
Tools & resources
AirExporttool
AirExport is a free Chrome extension (currently in beta) that can help extract data from AirDNA.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial