Smart pricing January 2023

Smart pricing January 2023

Hey all, 

 

I'm looking at my calendar for January 2023, and I'm unsure of the smart pricing strategy.

 

My listing minimum is set to $150 a night, in San Francisco. I think I'm relatively inexpensive in this market, and I'm fine with that because I get really good utilization pretty far in advance, and knowing my booked income is really helpful.  In my experience so far, AirBNB does a fine job matching the price to the customer need. However, I'm looking at my Jan 2023 calendar and I'm fully blank, no bookings.

 

The nightly smart price in Jan is >$500. I'll happily accept that income if someone is willing to pay it, but I'm getting no interest at that price. 

 

I assume there's a method to this -- maybe a big event in town; projected travel for the Sierra ski season -- but I'm skeptical. 

 

I won't be doing anything with my pricing for a bit longer, trusting the process, but I'm curious if anyone else has experience with this kind of price spike having this kind of impact on bookings? Advice? Insight? 

15 Replies 15
Patti120
Level 6
California, United States

@.Alex8846   This issue has come up in Airbnb hosts discussions a lot. The recommendations and actions by other hosts are to manually put in your pricing. Business is being lost due to the Airbnb automatic Smart Pricing. Both my listing prices were reset by Airbnb to original pricing within a few dollars for the entire 2023 year after bringing it to Airbnb's attention. I think "Corporate" knows they are having a serious problem and are working to fix it. Based on Host Conversations it isn't fixed yet. The system is still broken, for Smart Pricing and Searches. 

Best,

Patti

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