It can be hard to know what to charge for your bookings. You need to know what the going rate for your area is, what your competitors are charging, and how your property stacks up. Not to mention, you have to keep in mind season variability and major events in your area.

As a busy host you have a lot on your mind and it can be hard to keep all of these things straight and find time to adjust the prices. Sure, you could just find a nice, middle-of-the-road price, but that also means you will miss out on charging higher prices during prime times, and miss bookings when things get slow.

Those lost profits can add up fast!

Luckily, in our technology driven world, there are several services that can help you with this! Each are a little different and could be a good fit depending on your needs.

Evolve- First on the list is Evolve. This service is like an all-in-one personal vacation rental assistant. They develop an optimized listing on major sites, calculate correct pricing, handle guest questions, and connect you with other Airbnb necessities like a cleaning service.

It’s like having a price analyst, receptionist, and cleaning service all in one. But you pay the price for it too. Evolve charges 10% of every booking. That’s a significant chunk out of your profits, but for a whole lot of help.

Beyond Pricing- This is a much more streamlined version of Evolve. Beyond Pricing focuses just on optimizing booking prices based on season variability and local factors. They also make it easy by having an option to automate your pricing and integrate into major booking sites.

With fewer features, you pay a much smaller price too. Just 1% of every booking. Personally, this is the one I use. It works great and fits my needs since I don’t need everything that Evolve offers.

PriceLabs- PriceLabs is like Beyond Pricing went to a few more years of school. Again, this service focuses just on price analytics and optimization; getting the right booking price at the right times. But it is much more customizable. You can set limits for high or low bookings should be, choose the level of automation you want PriceLabs to do, and more.

PriceLabs also offers a different payment plan. They charge a monthly subscription based on the number of properties you have. $20/mo for one property, $15/property/mo for 2-5, and so on. You can also simply purchase pricing reports from them and then adjust prices on your own.

Figuring out the right booking prices can be challenging, but there’s lots of help, it’s just a matter of finding the right one for you!

Have a great week!