We're excited to announce the launch of Comp Set Curation and Pricing Calendar!
Check out the above overview video explaining how to customize your Comps, and see how market conditions change over time.
Comp Set Curation
Once you add a property to Smart Host, our algorithm automatically scans the market and builds a Comp Set, a set of similar properties in your area. As an expert of your local market, we want to give you the flexibility to change the Comps to your liking.
You can curate your Comps by:
- Adding a property: click the "Add Comp" button and copy/paste a HomeAway or Airbnb URL.
- Removing a property: click the "thumbs down" icon on any of the Comps.
Each time you add or remove a property, Smart Host will automatically recalculate the recommended list price using the new Comps.
Improved Pricing Calendar
Once you go into the pricing calendar, Smart Host will check for any changes in your Comps. We’ll crunch the numbers and provide you with an outlook of the market for the next 90 days.
For each day, you’ll see three pieces of information from your property's Comps:
- Average booked price: the advertised rates of properties in the Comps before they were booked.
- Average available price: the advertised rates of properties in the Comps that are still available.
- Availability: the percentage of properties in the Comps that are still available.
The pricing calendar gets updated everyday, so it’s important to check back and see how market conditions are changing over time.
Comp set curation and the pricing calendar are now live in all beta accounts. If you don't have an account, sign up for a live demo and start tracking your competition!