How to Pin Down the Best Airbnb Pricing for the Holidays
With the holidays fast approaching, more guests are making plans and booking accommodations. The key to attracting as many guests as possible for a lucrative season is setting the right holiday price point is important. As you work with an Airbnb property management company in Scottsdale, consider these three tips for creating the best price for your rental.
Consider Your Target Audience and Their Travel Habits
What does the typical holiday traveler look like at your Airbnb? If you get a lot of corporate travelers through the holidays, your price points should reflect the typical per-diem costs these travelers will be willing to spend. Likewise, if you get a lot of family vacationers, your pricing models should cater to the typical budget of that traveler. The closer you can align pricing with what target travelers prefer to spend, the more successful your rental will be.
Examine the Competing Property Pricing in Your Area
Take a look at some of the other properties available in the same area as your rental, especially those that offer similar amenities and amounts of space. How do their pricing models change for bookings through the holiday season? If you see there is a general uptick in pricing, you can compete by pricing your unit at a similar or slightly lower price. If you see the properties are going cheaper to allure holiday travelers, you may need to make adjustments to stay in competition through the season.
Work with a Property Manager for Valuable Pricing Insights
By working with a property management company, you gain access to information that can help you generate the most effective price points. At Sojourn Properties LLC, we utilize insightful analytical data from sources like SmartBnB and AirDNA to ensure your property has the most attractive pricing. These insightful resources allow us to keep tabs on trending pricing models and what works best for other properties.
Achieve the Best Pricing with Airbnb Management Services in Scottsdale
With the best price points in place for the holiday travel season, you are more likely to see your Airbnb properties returning the best profits. If you need help pinpointing the best pricing or other property management in Scottsdale, reach out to us at Sojourn Properties LLC.