While reading various threads, I realized that there is absolutely no benefit to me having a flexible cancellation policy other than possibly more bookings because of search filters or Air’s algorithms placing me higher.
When we were setting up our account, my husband’s co-worker said that he only books places with a flexible cancellation policy. I get that, but that’s also places that do mostly 1-2 night stays, a room in a house, etc.
I’m starting to realize that as I rent out a whole apartment and do mostly 4-7 night stays and book a month or more in advance, this could really hurt me. Has anyone switched back and forth and had experience with this? If I change to moderate, would that only affect future bookings because I wouldn’t want it to affect current bookings who signed up already. But I’m not even open for another 45 days out, and I don’t want someone to book way in advance and then cancel the day before when I was counting on those earnings and can’t fill it!