Hi Zeny,
To keep a rental fully booked using Airbnb's Smart Pricing while covering ownership costs, start by customizing the tool to set a price range that ensures essential expenses are met. Rather than relying entirely on automated adjustments, set boundaries that reflect your costs and your property’s market value. Smart Pricing can adapt to demand fluctuations, but adding seasonal adjustments yourself will ensure you capture maximum revenue during high demand and remain competitive during slower periods.
While Smart Pricing already considers nearby listings, manually monitoring your local market adds another layer of insight, especially if you notice a trend of properties similar to yours consistently priced higher or lower.
Another tactic is to use booking window insights: lowering prices for last-minute bookings can capture spontaneous travelers, while raising prices for dates farther out appeals to early planners willing to pay a premium for securing their stay.
Making your listing visually appealing and highlighting unique features like “pet-friendly” or “no cleaning fee” adds value and justifies a higher rate. Also, Instant Book can boost your visibility on Airbnb’s platform, pairing well with Smart Pricing by increasing your chances of securing bookings.
By blending Smart Pricing with these manual adjustments, you create a flexible pricing strategy that aligns with guest behavior, covers costs, and maximizes your occupancy.
I hope this helps.
All the best,
Upfish Management
