Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 10 months ago, 01/17/2024
Pricelabs vs Smart Pricing - lose the ability to promote?
HI all!
I run a 1br STR in beautiful Ojai, California. We're consistently 85%+ occupancy and #1 ranked for 1person and 2person stays. I'm also listed on VRBO and booking.com, but not getting much action from either, but that is another story. https://airbnb.com/h/themeinersdaughter
I've recently begun experimenting with hosting platforms (hospitable), ranking (rankbreeze), and pricing (pricelabs).
So far I'm not seeing much advantage to Pricelabs vs smartpricing, other than pushing pricing to VRBO and booking.com.
My questions:
1) Is it a proven fact that pushing pricing changes to airbnb via hospitable positively affects rankings? It seems like airbnb would prioritize its own pricing engine?
2) With pricelabs/hospitable, I believe I lose the ability to use the Airbnb promotions feature, which I've used successfully in the past to promote and book the gaps in my calendar. Has anyone A/B tested this? Seems like running a promotion on Airbnb, with their associated badges and notifications, would be more effective.
Potential combo - use pricelabs / hospitable for intelligent pricing on vrbo / booking.com, and turn on smart pricing and use promotions on Airbnb (thereby breaking the pricing connection with hospitable)
Open to any feedback or insights!
Many thanks.
-Tim