A short spoken segment from a YouTube video where Thibault Masson advises hosts to understand their local market and booking patterns (seasonality, holiday bookings) and recommends using market-reporting tools such as PriceLabs to inspect nearby listings by address and radius to detect pricing patterns.
Try to have an idea of your market. How do people book on your market? For example, maybe right now it's off season, but maybe right now people are booking for Easter and summer, booking wise, maybe be big at the moment, right? You need to use tools like you have companies, price labs and other competitors. They provide market reports. For example, the price lab, what you call market dashboards. You enter any address in the world and you can the radius around it, like 2 miles or 50 miles or kilometers if you want. And then you're going to see patterns in that market around your listing on your house.
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