Yes it does. https://www.airbnb.com/help/article/1168/how-do-i-turn-smart-pricing-on-or-off
Smart Pricing lets you set your prices to automatically go up or down based on changes in demand for listings like yours. Smart Pricing is based on the type and location of your listing, the season, demand, and other factors. Once you turn on Smart Pricing, your prices will be automatically updated within the minimum and maximum prices you set. Smart Pricing works for all open nights on your calendar, and you can adjust specific nightly prices any time.