When we were first doing this though, we were really worried about doing the wrong thing. It’s funny, now that I have been using beyond pricing for well over a year, I don’t see what the big deal is. Setting the beyond pricing rates to match our existing rates in the booking window was like our training wheels for using their service.

That is how we got started with Beyond Pricing. We left it like that for a couple of weeks and then we steadily raised our base price. Since the new beyond pricing rates for our booking window were similar to the rates we set before beyond pricing, it allowed us to start using beyond pricing without freaking out about the base price we chose. So, when it came time to have BP set our rates for us (without breaking everything) we adjusted the base price until the rate BP sets at the 30 day window was similar to what our current, non-beyond pricing rates are. In our example we figured out we wanted our property to be 100% booked about 30 days out. Once you know your booking sweet spot, you can easily set your base price. Just make sure the prices you have that far out are high enough that you’ll be happy with the amount should you get a booking further out. So, we’d rather get a booking from what is usually a more responsible guest, 6 – 12 months out rather than a guest that books 3 days before arrival which have a tendency of not being as responsible.įor us, it’s a balance of maximizing income and having great, responsible guests. Of course, there are exceptions but in our experience, that has been the case. In our experience, guests that plan out their vacations 6 -12 months ahead of time are more responsible and happier guests. Of course, we want to maximize income but we’d also like to attract better guests. We personally set our booking window to a year out. The theory sounds great, but we don’t subscribe to it. There is a higher probability that many more houses are available for booking 6 months or a year out compared to 90 days out.Īs the inventory of available houses dwindles the price for each house that is still available can be increased, based on supply and demand. The logic behind a smaller window is simple. The more bookings you have further than 90 days away the lower your BP score will be. In fact, Beyond Pricing provides a rating of how well your property is performing based on that 90 day window. Meaning guests will only be able to book their stay 90 days or less from check-in. I’ve heard many gurus recommend setting a 90-day booking window. Beyond Pricing is able to set your listing’s pricing up to a year out.

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