I had a similar experience using Smart Pricing in the beginning. It got me decent traffic, but once I switched to PriceLabs, the rates went higher and bookings slowed a bit. For me, though, it sort of balanced out since each guest was bringing in more income, and there was less hassle overall with fewer turnovers. I don’t know if Airbnb actually downranks listings using PriceLabs, but it definitely feels like lower prices attract more visibility.
One thing that helped me maintain profitability even with fewer bookings was learning how to optimize my property from a tax perspective, especially since it's a short-term rental. I’m working with these guys that focus on cost segregation for STRs – helped me improve cash flow without relying entirely on booking volume.
One thing that helped me maintain profitability even with fewer bookings was learning how to optimize my property from a tax perspective, especially since it's a short-term rental. I’m working with these guys that focus on cost segregation for STRs – helped me improve cash flow without relying entirely on booking volume.