Is this the beginning of the era of online housing bidding networks? Guess soon we will have Airbnb exchanges...
You mean like this? https://www.vacationfutures.com/
Beyond Pricing – Automatic Dynamic Pricing for Airbnb
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Re: Beyond Pricing – Automatic Dynamic Pricing for Airbnb
#22Surge pricing for AirBNB, and suddenly we're back to looking our networks for floors to crash on and spare rooms to be had. I guess the rule of thumb is that even when costs are eroded, profits increased, intermediaries disintermediated... the prices will rise to the maximum levels that the market will bear. It just takes away the magic of being able to find that rare, cheap and great place. The sharing culture is no…
This is just the market getting more efficient (better pricing) with an increased supply (hotel + airbnb). It seems like an overall positive thing to me.
Re: Beyond Pricing – Automatic Dynamic Pricing for Airbnb
#23Have you guys modeled what this would do to the airbnb economy as a function of how many users actively use your tool?
Not yet... We don't price enough properties yet for it to make a significant change to city wide prices, but hopefully that's a problem we have to deal with.
Re: Beyond Pricing – Automatic Dynamic Pricing for Airbnb
#24Is this the beginning of the era of online housing bidding networks? Guess soon we will have Airbnb exchanges...
I wish they had this for normal rentals as well...as a landlord I hate having to price everything myself and "guess" at what the actual market value is... :)
Re: Beyond Pricing – Automatic Dynamic Pricing for Airbnb
#25Earlier quoted context omitted.
I prefer couchsurfing.com anyway. It's an example of the actual sharing economy, and without the grey-area legal shadiness.
This part of couchsurfing (the third auto-suggest result when I start typing couchsurfing into Chrome) is my concern: http://www.businessinsider.com/couchsurfing-the-best-hook-up...
I haven't had any issues with that myself. I'm a straight male though, and so YMMV. If I'm hosting single women, I always make a special effort to be respectful and not do anything that could be construed as hitting on them.
I do know one friend who wound up dating a guy she hosted as a couchsurfer, but I don't know if anything happened when he was staying with her that first time.
Re: Beyond Pricing – Automatic Dynamic Pricing for Airbnb
#26Surge pricing for AirBNB, and suddenly we're back to looking our networks for floors to crash on and spare rooms to be had. I guess the rule of thumb is that even when costs are eroded, profits increased, intermediaries disintermediated... the prices will rise to the maximum levels that the market will bear. It just takes away the magic of being able to find that rare, cheap and great place. The sharing culture is no…
I suspect a considerable number of price changes will be downward as the date approaches.
AirBnB will probably do this eventually. But BeyondPricing likely has plans far beyond AirBnB.
Re: Beyond Pricing – Automatic Dynamic Pricing for Airbnb
#27We model local demand for each night by modeling hotel prices, flight data, conference attendance & more. God forbid you could just set what you think is a reasonable price for your rental, and have somebody else come along and think your price is reasonable, too.
Agree. I think the modeling is fine but it always seems to neglect consumer preferences for slower moving prices.
Re: Beyond Pricing – Automatic Dynamic Pricing for Airbnb
#28I can't see airbnb being happy about this. What cut do you take?
Beyond Pricing is free during beta, and then we will charge a reasonable monthly rate per property, similar to other SaaS solutions for vacation rentals. The channels like Airbnb actually love it because it helps maximize revenue across the system, making the pie from which they take a 10% commission on larger.
I'd be careful about assuming the platforms will "love it". AirBnB, in particular, is very sensitive to customer experiences and ever-changing prices are known to be extremely annoying. A delicate balance must be struck.
Re: Beyond Pricing – Automatic Dynamic Pricing for Airbnb
#29Sorry! Pricing is not yet available in Mountain View. Any plan on making this available in Mountain View?
Hi Adam! Yes, we are rolling out city-by-city in order of number of listings. Mountain View has around 400 active listings, so we should be there in the next month or so! We use a ton of data to derive our prices, rather than creating a generic pricing algorithm without data, so it's just a matter of getting that together and testing in each market.
I think you should indicate earlier that you don't support cities before users go through the process of creating an account only to find out they can't use your service. I understand you want to maximize users and figure out where the demand is the highest, but I think you should at least give users the option to continue creating an account if their city is not currently supported.
Re: Beyond Pricing – Automatic Dynamic Pricing for Airbnb
#30Back to times, where websites that could be plain simple HTML do not work. Not working at all in Firefox 29.0.1. Just a blank page.
(Yes, I know. It works in Safari. But that is not the point.)