Setting the right price for our place?

[Abu139]

I don't think I'm pricing my place correctly. Any suggestions?

[Pat271 · Accepted solution]

@Abu139  Go to your guest account, turn on Total Pricing, search your area with different high and low season dates, filter on the number of bedrooms, look at the map, and compare with the other listings around you. That should give you a good idea of whether your prices are competitive.

[Thomas3129]

Hi @Abu139 

I'm relatively new to hosting however, my approach to pricing was to check out availability in your district from the Air BnB page. Look for the page with the Map and go to the cluster nearest to my our property look for comparable property offerings and set yours to match within a margin above or below dependent on your perception of value for money, attraction or amenities at either properties and if perceived a peek value opportunity you can go further adjust a percentage either way. That should assist  providing you with market knowledge and ability to flexibly adjust your night rate to address forcast demand and opportunity in out of season months to appropriately pitch rates in association with the embedded discount pricing  algorithms. I hope this helps.

Kindest Regards Thomas ***

**[Name hidden - Community Center Guidelines]

[Sangeeta8]

@Abu139 Look at Airbnb pricing in your area.

[Bhumika]

Hi @Abu139 ,

Have you made any changes to your listing price since the time you posted?

Our members have given some good ideas to know how much an Airbnb is priced in your area. Hope you got a chance to give it a look and try it out.