This guide addresses the most common questions and challenges our hosts encounter when using Dynamic Pricing.

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This is a new feature for Hospitable, but we knew it would only be successful if we partnered with experts in the industry. We are leveraging models and data sets of immense scale that allow us to continuously adapt prices to evolving market conditions. The pricing engine analyzes billions of records daily in order to calibrate a price to your property’s unique characteristics.

To generate recommended nightly rates, Hospitable’s Dynamic Pricing takes the following into account:

If you've used other dynamic pricing software, you may be familiar with the concept of selecting similar short-term rental properties in your market to benchmark your pricing strategy. With Hospitable's Dynamic Pricing, we do this for you in the background. We look at dozens of attributes of your property, including your historical reservations and review scores, to arrive at a pricing strategy tuned for your market.

As soon as you enable Hospitable dynamic pricing, we will immediately push the current recommended prices to your channels. Prices are then automatically updated every 24 hours based on the latest market conditions. If you make any changes to your setup or pricing in Hospitable, the updates are pushed to your channels immediately.

Ideally, dynamic pricing means your calendar can run on autopilot over the life cycle of your booking window.

For your dates in the far future, we start by adding a premium that gradually goes away at six months out. For the far future dates, it's generally more difficult to get good signal from market and local event data, so we are also anchoring more heavily on your historical bookings. Within six months, most properties will be in their primary booking window, and prices become more reactive to market demand. At one month out, any dates that are still available will receive a gradually increasing discount to help fill your calendar.

Yes, you can still use discounts and promotions on the booking platform. However, it’s important to note that these are not taken into consideration when formulating a price. This means that discounts and promotions can make your property’s nightly rate less than your set minimum price.

Any markup rates you have set in Hospitable will be applied on top of the recommended price.

Yes. You can always manually change your price on the Hospitable calendar to override Dynamic Pricing. Any manually set prices are underlined on the calendar so you can tell them apart from dynamic prices. The source will also show manual edit.

If you have a large percentage of manually set prices, it will limit the impact of Dynamic Price since your manual changes prices will take priority. When you initially set up Dynamic Pricing, we'll calculate how many of your available nights already have a manually set price. In the setup flow, you’ll have the option to keep or replace all existing manual edits.

After the initial setup, you can add and remove manual edits at any time by selecting Use dynamic pricing from the right sidebar when a date(s) is selected. If you remove a manually set price, we will replace it with the current recommended price.

Note that if you ever disable Hospitable's Dynamic Pricing, we'll revert all of your prices to what they were before you started, including any manual changes you may have cleared as part of Dynamic Pricing.

Any manual price edits prevent Hospitable from setting dynamic prices. If you chose to keep manual edits while setting up Dynamic Pricing, those dates will keep the static price you set. To remove a manual price, select the date(s) on the calendar and click Use dynamic price in the right sidebar under the price.

If you notice a decrease in bookings after activating Dynamic Pricing, consider these potential causes:

Unusual pricing can typically be explained by examining the individual adjustments:

You'll want to look at all adjustments to determine why pricing is the way it is.

Yes, you can adjust your base price at any time. We recommend hosts choose from our data-driven base prices: recommended, conservative (-10%), or aggressive (+10%). Using a data-driven base rate means your median price automatically adjusts to changes in your property and its performance.

You can also enable/disable a custom base rate. While our suggested base price works well for most properties and circumstances, setting a custom base price might be better in some situations:

As the property owner or manager, you often have intuitive knowledge about where your property stands in the local market. A custom base price gives you control over your pricing foundation while still benefiting from all the automatic adjustments for demand, seasonality, and other market factors.

Monitor your booking performance after setting a custom base price and be prepared to adjust if needed. As your property builds more booking history, you may be able to return to a data-driven base price instead.

New prices related to changes to your Base Rate will be generated within a few minutes.

No. Our pricing engine understands how your market prices weekends and we adjust automatically.

Yes, you decide which properties you want to use with our Dynamic Pricing. You can even use another pricing tool (like PriceLabs) for your other properties, if you wish.

This is expected since Dynamic Pricing is meant to adjust your pricing! The only exception is for any dates with manually set prices.

While you're going through the initial setup flow, we'll ask whether you would like Dynamic Pricing to override any of your existing manual prices. If you chose that option, but want to restore those edits, you can always disable dynamic pricing and we will return your prices to exactly as they were before.

You can turn on Hospitable's Dynamic Pricing without needing to disconnect your existing pricing integration. This makes it easy to try. If you decide it's not a good fit, disable Hospitable Dynamic Pricing and we'll revert to the prices of any other pricing integration you have. If you decide you're comfortable with Hospitable Dynamic Pricing, you'll eventually want to remove or disable the property from your third-party pricing tool to avoid being charged.

You can disconnect your current pricing tool by going to Apps > Connected apps > Remove access. If you disconnect, you should also cancel your subscription with the pricing tool.

If you wish to stop using Dynamic Pricing on any property:

When you disable Dynamic Pricing, your calendar will revert to the prices that were set before enabling the feature. This includes restoring any manual pricing that was in place prior to activation.

Currently, no. We only update your prices. We hope to have additional functionality in the future to optimize availability rules, such as the minimum stay requirement for your booking window and gap nights.

Hospitable's Dynamic Pricing is included for all Host, Professional, and Mogul users at no additional cost.

However, there is one caveat: If Dynamic Pricing is enabled on a property, that property will always be considered "active" for billing purposes. This is only relevant for hosts who have more properties than what is included in their base subscription (Host includes one property, Professional includes two, and Mogul includes three).
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What does this mean, exactly? Add-on fees for active properties beyond what is included in your plan are normally only invoiced by Hospitable if they have a check-in during a billing period. Dynamic Pricing changes Hospitable's costs and the value we provide. Even if you don't have a check-in during the month, Hospitable provides daily pricing updates on the next two years of your calendar. For this reason, all properties with Dynamic Pricing enabled will be included on your invoice.
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​Legacy plan hosts: You will be able to preview some pricing recommendations, but you will need to upgrade to a current subscription tier in order to enable Dynamic Pricing.

Both minimum and maximum rates are optional fields that will constrain your prices (discounts, promotions, and markups, however, are applied on top of your dynamic price and may result in your prices dropping below your minimum or increasing above your maximum). You may choose to leave these fields empty.

You can find all of our Dynamic Pricing help articles here.

Still need help? Reach out to our support team.