Blue Ribbon Property Group
22/03/2021
What is Dynamic Pricing?
Dynamic pricing or real-time pricing, is an approach to making the cost for a product or service highly flexible. The reasoning of dynamic pricing is to sell whilst been able to adjust prices 'on the fly' in response to market demands.
This is critical in short-stay rentals (Airbnb), dynamic pricing means that your nightly costs are constantly tweaked to suit market demand, hence the word “dynamic”. There are many factors which we take into account when determining what your nightly cost should be; things like seasonality, special events, holidays, weather, the day of the week, etc.
Contact Arreum on 0450 422 224 for more information on how to maximise your short stay potential.
05/06/2019
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Level 1, 100 Havelock Street
Perth, WA
6005