What do I need to do in Airbnb and/or VRBO and Beyond Pricing to get started? (VIDEO)
- On Airbnb and/or VRBO
- In Beyond Pricing
So you've decided to use Beyond Pricing to help you manage pricing for your listing - great choice! We have some recommendations on things to do both in Airbnb and VRBO and Beyond Pricing to help ensure that your listing is set up for success.
Check out this video for a step by step guide on the settings that need to be adjusted:
On Airbnb and/or VRBO
- Make sure your calendar is only open for the next 12 months
- Set an artificially high Base Price on Airbnb and VRBO
- Turning off other pricing tools
- Remove any length of stays discounts, like weekly or weekend price, you have set in Airbnb and VRBO
In Beyond Pricing
- Connect your Airbnb and/or VRBO account to Beyond Pricing
- Set your Base and Minimum Prices
- Save & Sync Prices
- Adjust settings in the Customize Tab for the listing (if necessary)
More detail on each step it outlined below.
On Airbnb and/or VRBO
Make sure your calendar is only open for the next 12 months
In general, Beyond Pricing does not recommend pricing for more than a year out from now because there isn't enough statistically significant demand data available to confidently recommend pricing that far out. With that in mind, there is a very good chance that if bookings are made more than a year out that we could be leaving money on the table.
In short, we only push pricing for the next 365 days and we recommend you only take bookings for the next 365 days.
Set an artificially high Base Price on Airbnb and VRBO
This helps when you unblock dates or have a guest cancel, for example. When this happens, there may be a brief period of time where our latest prices have not pushed into your account. In order to prevent opportunistic guests from booking your listing at a low rate, set an artificially high Base Price in Airbnb and VRBO.
Turning off other pricing tools
If you are using Airbnb's Smart Pricing, VRBO's Market Maker or a different pricing tool you will need to ensure they are turned off. When multiple pricing strategies are enabled, they will continue to override each other, and your rates will not always be consistent with rates Beyond Pricing suggests.
Remove any discounts you have set in Airbnb and VRBO
If you have special discounts enabled within Airbnb or VRBO, they will be applied on top of the pricing generated by Beyond Pricing and we recommend removing them. We specialize in helping you set the correct nightly price for your listing, no length of stay discounting needed!
Here's a gif showing where to adjust length-of-stay discount settings in Airbnb:
Here's a video showing where to adjust your Cancellation Policy in Airbnb:
In Beyond Pricing
Connect your Airbnb and/or VRBO account
Simply head to the Accounts Tab, click on the relevant logo and input the information you use to log into that account.
Did you successfully connect your account but can't see any listings? Make sure your listing is active on Airbnb and/or VRBO and it is in a market we support.
Set your Base and Minimum Prices
We define Base Price as the average price you would charge for your listing. Setting the correct Base Price for your listing is one of the keys to maximizing revenue. Once the right Base Price is set, we can appropriately apply factors that change nightly demand, such as Seasonality, Day of the Week, and Local Events.
The Minimum Price is the lowest rate you'd be willing to accept for a night. It is completely up to you and we recommend setting it as low as you feel comfortable. Just remember that a high Minimum Price will likely result in fewer bookings in periods of low demand and limit last minute bookings.
Save & Sync Prices
To finalize your changes click Save & Sync Prices.
Adjust settings in the Customize Tab for the listing
If you have your Airbnb account connected directly to Beyond Pricing it is unlikely that you will need to make any adjustments in the Customization Tab for your listing. Most adjustments to settings other than pricing are made directly in Airbnb.
If you have your VRBO account connected directly to Beyond Pricing and have Minimum Stay requirements you will need to set these up in the Customization Tab. Check out What are Annual/Seasonal Minimum Stays and Gap Fillers, and how do I use them? for more information.
Once you have followed these steps you are all set up!