Got A Long Term Booking? Raise Your Base Price! #shorts

3.0K viewsover 2 years ago0m 48sScore: 82

Optimize My Airbnb: I Help Airbnb Hosts Make Money

Pricing & Profitability
intermediate
Pricing Strategy
Dynamic Pricing
Revenue Management
Occupancy
Airbnb

Summary

When a short-term rental receives a long-term booking, raising the base price by 20-25% communicates to the algorithm that the listing is booked at a higher rate. As the date approaches the average booking lead time, the host should adjust the price based on occupancy targets for that timeframe.