As we start our 2021, we thought it would be helpful to review some vacation rental and Airbnb pricing strategies. We detail some basic and some advanced pricing strategies to match current times. We hope that you will be able to implement some of these strategies.
To discuss these strategies, we hosted a webinar in association with our partner Hostaway. Below is a glimpse of some strategies that we discussed:
- Managing your stay restrictions between the high season vs the low season.
- Some strategies to get far out bookings.
- How to attract longer bookings during slow periods and managing gaps on your calendar.
- Managing pacing for weekdays and weekends in weekend-heavy markets
Marcus, CEO Hostaway, shared tips on driving traffic with social media marketing and special promotions, using niche OTAs to target longer-term travelers, optimizing rates for last-minute bookings, and optimizing cancellation policies for the current climate!
We also discussed our anticipation from 2021! Marcus and our team believes that we might see a busy 2021 summer, so do protect those rates! Don’t sell too early and too cheap!
Below we have included the webinar recording and the presentation from the webinar. Feel free to bookmark this page if you’d like to come back here again.
10 impactful pricing strategies to implement in 2021! (PriceLabs deck)
We hope you found these vacation rental and Airbnb pricing strategies helpful and practical. Hopefully, you will be able to implement some of these pricing strategies! If you do, let us know.
If you are curious about how PriceLabs can help, start your 30-day free trial by clicking here.