Airbnb announced a new service for hosts called Smart Pricing this afternoon.
Smart Pricing works in your calendar, you set a minimum, maximum and how often you want guests and smart pricing then takes over and updates your pricing once a day based on;
- past reservation history
- quality & number of reviews
- listing page vies
- travel trends
For now Smart Pricing is for AirbnbOpen participants only but will launch soon to all hosts.
I’ll have more on Smart pricing in a longer post with images shortly.
Smart Pricing is clearly in direct competition with Dynamic pricing services such as Everbooked, Smart Host, Beyond Pricing amongst others so it will be interesting to see how these services differentiate themselves from Smart Pricing. If you are are one of these services and would like to comment please email me and I will add it to the post.