“Smart Pricing” is recommending some pretty high prices for my units for August and September. Normally these are the least profitable months for me in Florida. So I decided to investigate a bit. I don’t want to leave money on the table, but I also don’t want to set prices too high and have no bookings.
So, in the true spirit of a high school science experiment, I did the following:
- left the cleaning fee at its standard setting of $50 for all my units
- turned on “Smart Pricing” for all of my units.
- took a screenshot of recommended prices for Sept 1-20
- reduced the cleaning fee to $0 on one unit, increased it to $300 on another
- turned off “Smart Pricing” on those two units, loaded the multi-calendar, verified that manually set prices were applied
- turned “Smart Pricing” back on for those units
- compared the new recommended prices to the screenshot
And the observations and are:
- I found a couple of minor differences of $1 plus/minus on a couple of dates, so I conclude that Airbnb did recalculate the prices.
- I conclude that the cleaning fee isn’t taken into consideration. Changing it from $50 to $0 or $300 should have caused large changes in the recommended prices, and it didn’t.