Dynamic Pricing Algorithm Updates

dynamic pricing.png

Hostaway Dynamic Pricing is already a no-brainer - our users get an average 22.3% more revenue per listing.

But we're not done there.

We recently improved our Dynamic Pricing algorithm to perform even stronger - getting you more bookings and even more revenue.

Here's some highlights:

  1. Base Price Model Improvements: now with greater precision (particularly for small markets, unique listings, and when including important amenities)

  2. Long-Term Pricing: pricing recommendations that more accurately handle far-future pricing challenges when demand signals are inconsistent, while reducing underpricing

  3. Local Demand Models: better detection of demand spikes and event demand

  4. Clustering: balances capturing local patterns while maintaining strong data coverage, even in areas with diverse seasonality or event patterns

Users of Dynamic Pricing will already see these benefits in effect - no action required!

For more information on Hostaway Dynamic Pricing, check out our USER GUIDE

Made with ProductLift