I didn’t require a deposit for the longest time and except for days that I blocked, was booked up almost constantly. Then, a few weeks ago I added a $200 deposit. I saw my last minute weekday bookings plummet. For the first time I’ve had huge blocks of days with no revenue.
I truly believe that most people think the listed deposit amount is held on their CC even though it really isn’t. This is what I believed until I used AirBnB as a guest just last week.
Because AirBnB doesn’t actually hold those funds, I see no point. It’s hurting my revenue so I removed it this morning.