418. Hosting Hotline: Dynamic Pricing in Rural Areas: Should You Use It?
Welcome back to the Hosting Hotline, where we answer your most pressing short-term rental questions. Today’s question comes from Jenny, who asked via our YouTube channel:
"Do you still recommend dynamic pricing even if you're in a rural area without lots of activities?"
In this episode, we dive into the nuances of dynamic pricing for rural short-term rentals. Whether you're in a small town with limited attractions or hosting in an area without high guest turnover, we unpack how tools like PriceLabs can help you price competitively, maximize revenue, and even uncover hidden demand in your market.
What You’ll Learn in This Episode:
- Why dynamic pricing can benefit rural properties just as much as urban rentals.
- The importance of competitor analysis, even if you only have one or two local competitors.
- How to identify events or peak seasons you may not know about—and price accordingly.
- Practical tips to make the most of dynamic pricing tools during your free trial period.
- Why we recommend dynamic pricing as the #1 software tool for STR hosts starting out.
Resources Mentioned:
Got questions you want answered? Submit your question at HostingHotline.com!
Mentioned in this episode:
StayFi | Go to www.stayfi.com and enter TFV to get 50% off your first three months.