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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.
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.