Take our price recommendations as a help, a suggestion, to have a better price and maximize your revenue.
Our price recommendations are for an average property located in your area. But take into account that no one knows your property's potential like you, the host, so it is a good idea to fine tune our recommendations.
If your property is of lower quality than average in your area, or has few or poorer reviews, you should adjust our recommendation to the lower. At the contrary, if you know your property has better quality or better reviews than average, you should apply a higher price.
Vayoo's price suggestions are based on your historic average price. With that as a base price, we use the price of similar listings in your area, hotel's prices, Airbnb occupancy, and other factors to offer you a price recommendation that you must use as an approximation to your best price. No one knows better that the host how the property compares with the rest of similar properties in your area, in terms of quality and reviews.
That's why we always emphasize that it is an approximation that the host must fine tune. For instance, if you have had bad reviews with your last guests, our price suggestions will not be good enough because you should decrease your prices until you have a good review history.