I make available the non-refundable 10% discount booking option, and about 30% of my guests choose this option. From a guest's point of view, they get an extra 10% off the booking price, and as a host, except for extenuating circumstances, we keep the payout if they cancel. I find that shorter-term bookings closer to the date of arrival choose this more often than guests booking extended stays.
Since I have never had a guest cancel to date, the benefit for me does not appear obvious. Am I just throwing away the 10% revenue discount? I do wonder if the non-refundable option attracts more bookings, but how does one determine that, especially since I have no comparison to previous years and have only hosted for six months.
I would appreciate feedback on your experience with this option.