How to use Far Out pricing to 📈 occupancy and rates on Airbnb

Optimize My Airbnb: I Help Airbnb Hosts Make MoneySep 12, 20259m 18s1.4K viewsScore 85
Pricing & Profitability
intermediate
dynamic pricing
PriceLabs
occupancy rate
nightly rate
booking lead time
M

Summary

AI-generated

This video explains how to optimize your Airbnb pricing strategy using PriceLabs' 'far-out' premium settings. Hosts will learn how to adjust default settings to increase occupancy and nightly rates by booking further in advance, with actionable steps to analyze their own performance.

Key insights

  • Setting a 10% 'far-out' premium on reservations 2-3 months in advance is often more effective than aiming for a 20% premium and getting no bookings.

Mistakes to avoid

  • Leaving PriceLabs' default 'far-out' premium settings unchanged can result in overly high prices for bookings too far in advance, leading to zero reservations for those dates.

Tools & resources

  • PriceLabstool

    PriceLabs is a dynamic pricing tool that helps hosts optimize their rates based on market data and demand.

Frequently Asked Questions

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