Why your prices are not working

Why your prices are not working

As a manager of bnbs, I spend a lot of time looking at rental prices. Once you have a great place for your guests to rent, your prices are one of the main variables that decide whether or not it stays booked. Pricing is much like fishing, and there a several questions you need to know the answer to before you put a line in the water. Who is my ideal guest? What is important to them? How is a weekend guest different from a weekday guest? What's my price floor? This last question is very important because there's a point at which you begin attracting guests who may end up costing you more than it's worth to book them.

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Why guests are picking the other place over yours

Why guests are picking the other place over yours

Your potential guests want more than a good deal on a place to stay, they want to have an experience they can't have anywhere else. They want to have their eyes opened to other people's sense of style and personality. What feature or features are you offering your guests?

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