TL;DR 2PM June 24th: Airbnb site recommends i offer 6% discount (175 down to 164.5) for June 29th for increased booking odds. I pass. 10:28PM June 24th: instant booking comes through. Smart pricing had raised the price by 10 (175 up to 185) 5.8% and someone booked it. I would have lost 20.50 had I followed advice. How can it go from glut to scarcity in 10 hours?
On the desktop Airbnb site, while I was looking over my calendar yesterday there was one of those "you can increase your booking odds if you offer a 6% discount on the 29th of June.." Seeing as how someone was checking in on the 30th & it being a Sunday afternoon, I really didn't care if someone stayed the night before as I could skip the 12PM-2PM mad dash cleaning. So I declined Airbnbs advice and kept it as is. Fast forward to the evening and find someone had booked and smart pricing increased the prices. I don't understand how that happens. If smartpricing determines a scarcity in the market and adjusts prices upwards to match, why just 10 hours earlier was the a glut recommending a 6% decrease in prices.
