Market Driven Pricing: Guests

It’s all about you! You are the market. Instead of setting prices in an office, based on what we hope you are willing to pay for a rental, we let you decide. We start out with some assumptions and set an initial price that is based on good evidence. Then we watch what happens. We adjust prices according to what we learn. The graphic below illustrates some of the key changes we watch for and what kind of influence those changes typically have on prices.