Smart pricing

[April733]

Hi all! Im a new host and am curious if anyone uses the Smart Pricing option. We are struggling to find the right pricing and get bookings. Any info would be helpful! 

[Emiel1]

@April733 

I use "Smart Pricing" with a very limited bandwith.

I have set the botom price to what a would normally have set as a base price.

I have set the top price 20% higher.

Result: about 80% of my calendar shows bottom price. The other 20% varies, but until now never showed the top price.

Airbnb uses algorithms to decide about the correct price, IMO it is mainly driven by measuring more/less demand for (Airbnb-) accomodation in my region.

Sometimes i see a relation with a festival or event in my city on the higher priced dates (but then there is likely allso more demand, so not clear how intelligent the "Smart Pricing" really is)