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If anyone out there thinks price tips are based on real market research and a comparison algorithm, hopefully this will convince you otherwise. Here are my actual price tips:
March 23rd - I have it blocked, but put in a price of $1,700 per night just in case the block disappears (good advice I got from this forum). When I unblock that night and look at the price tip, it gives me $1,020. That’s a 40% reduction.
March 24th - I have listed at $550 per night. The price tip is $370. That’s a 33% reduction.
It’s pretty obvious the price tips have nothing to do with the rest of the market and they are just suggesting price changes off what you are asking.
I noticed the same thing a few weeks ago. I either posted about it or thought about posting a few days ago. My blocked night was opened up and the $100 price I entered was now a price tip suggestion of $70 a night, almost 2x what I normally get.
Of course not. It’s simply a tool to manipulate hoe owners to reduce prices to AB will have more bookings. Fairly simple. Basically, they hope to conduct the market prices with this tool.
I have a listing on gran canaria with a base price on 170 EUR. Airbnb suggests as a pricetip, that I lowered it to 21 EUR, even though its the high season…
It seems low to me too but that’s competitive for my market. That said most of my nights this month are booked at an average of $46 because I have more people or people traveling with dogs.
What I noticed the most about mine is not the absolute price but the two suggested prices being very different: $1020 for Friday the 23rd and $370 for the very next day. Clearly not determined by any competitive analysis and only a way to get me to lower prices.
