Price tips

[Mercy97]

I noticed a big difference between Airbnb’s Price Tips and Smart Pricing. Price Tips often suggest I increase my rates by around 20%, while Smart Pricing tends to drop my prices to the minimum I set. It seems like Price Tips are based on market trends, while Smart Pricing adjusts dynamically based on demand. Has anyone else noticed this? How do you decide which pricing strategy to follow?

[Joan2709]

@Mercy97 

We don't use Smart Pricing (it's not very smart). I'm not surprised it prices your listing at your minimum price. I suggest Hosts use Dynamic Pricing (like PriceLabs) attached to their account. It is very affordable ($20/listing per month last i checked) and very accurate and well...dynamic; unlike Smart Pricing which is an Airbnb product that tends to underprice your listing.

If you want to choose between Smart Pricing and Price Tips...I might try Price Tips for now and see how it goes. The better option is using a Dynamic Pricing software.

[Quincy]

Hi @Mercy97, I hope you're doing well! I recommend trying to ask this question in the Q&A session that we currently have running with Christy Schrader, the Director of Host Engagement here 👈