Creating a pricing strategy for peak seasons, slow seasons, and in-between can also help increase how much you make renting your yurt. Setting a price strategy for rentals is all about balance. Too low and you may have plenty of usage but not make a profit. Set your price too high and you may not get any bookings.
If you’re struggling to nail down a nightly rental rate for your Pacific Yurt, take a look at Airbnb’s cost calculator. It’s a good way to learn more about rental estimates based on the market and your area’s competition.
Follow these steps when setting your rental price:
- Decide your minimum and maximum rental rates
- Identify the key seasons (such as summer vacation or ski season) for your rental location
- Identify additional seasons (like school breaks or specific holidays)
- Set your basic rate for which your rental price will increase or decrease around
- Adjust your rental pricing for each season
You may also want to consider setting rates for cancellations, cleaning fees, late check-out fees, or other optional add-ons.