Hi Ladies,
I have been learning these ropes myself. I began very apprehensive about AirBnb and just tried 2-3 stays initially. Because of some big changes in my life and my property, and because I was very fortunate that my first few guests were WONDERFUL, I am now seeking to take more reservations/guests. In my opinion, the Instant Book feature is extremely popular with guests. These days, tech-savvy shoppers want it all instantly--don't we all?
So, I find that turning the SNOOZE on/off to freeze the calendar is very helpful when you are feeling overwhelmed or when you want to try to plan work on your property during a period of time. You don't have to go in and individually block and unblock dates, you don't have to go through the several screens to turn off instant book. You leave all your settings intact, and just take it offline, knowing you'll miss those searching during that time.
The ONLY negative of snoozing, as far as I can tell, is that folks who held onto the link may think your place no longer exists if they click on it during a snooze state.... I learned this the hard way; one existing reservation messaged me saying his girlfriend couldn't show off the cool place to her family and friends because the link wasn't working. I explained and apologized and all was well. So keep in contact with upcoming guests if you've snoozed the listing so they don't panic.