How to Set Pricing on Airbnb (This Tool Will MAXIMIZE Your Profits)

Name: How to Set Pricing on Airbnb (This Tool Will MAXIMIZE Your Profits)
Uploaded: 2021-08-02T21:35:12+00:00
Duration: 58 s
Channel: Tim Hubbard
Description: Tim Hubbard walks through setting nightly rates on Airbnb using dynamic pricing tools. Price Labs Co adjusts rates based on demand. One rule: raise…

2 Aug 2021 · 1 min

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Tim Hubbard walks through setting nightly rates on Airbnb using dynamic pricing tools. Price Labs Co adjusts rates based on demand. One rule: raise prices 20% or more for bookings three months ahead, and never underprice during big events.

Questions this video answers

August 2, 2021.

Price Labs Co.

Increase price by 20%.

Chapters

We know now that our nightly rates are going up. That's because of demand. And we also know that travel is coming back or at least the confidence is coming back because people are booking really far in advance and they're booking for summer next year. So make sure if you haven't already checked your pricing on your short term rentals that it's set up properly for demand next year. Now I always recommend using a pricing tool. I use Price Labs Co and it's very easy to set higher pricing further out in the year or even next year. I can set, for example, there's a reservation three months or greater from now that my price has increased by 20%. So you can set it however you want. If you're using a pricing tool it's going to be much, much easier. But make sure that your big event days or your really high demand days in whatever city or area you're in aren't underpriced.