Hello fellow hosts,
Does anyone have expereince or knowledge on HOW to set prices so that if guests book (for example) 1 -5 nights, it would be 70% of the full weeks price?
Reason being is that we rent our air bnb out in a massive beach/tourist area and everyone who comes and stays here seems to be for a different reason, so I don't want to set peramaters like '7 nights minimum' or 'check in on friday only', but I also don't want to lose out on heaps of money if guests only want to book for 2-3 nights in peak summer season. Ie, if a week costs 1,000 to rent, and a guest books for 3 nights, I want the price for them to come up as 700 approximately. If they decide to book for 2 nights, I still want the price to charge them 700.......
The majority of our renters last 'peak summer season' rented the house out for 4-6 days, not 7. This worked out well for us, as the place was full the entire high summer season, but my pricing strategy was ALL over the place and I'd like to get on top of it now when people are looking to book and plan.
I've seen other hosts near me who have this pricing strategy, so I know its possible. Next step will be DM them for helpful advise, I suppose?
Thank you!!