Q. How does Voyajoy set pricing for my property?
A. We use a dynamic pricing system that performs comprehensive analysis of your property’s market and optimizes prices daily depending on availability, seasonality, local booking patterns, and special events. To set the base price, we analyze comparable properties in your area. We also work with you to understand your minimum rates so that our system never goes below that threshold.
Dynamic pricing is not available in all cities, so in those cases, we manually set your price after a thorough assessment of your local market and a discussion with you about seasonality, booking patterns, and special events.
Also, because each channel charges different booking fees, Voyajoy adjusts pricing on each channel to account for the differences. For example, Airbnb charges 3% while Booking.com charges around 18%. Therefore, we price properties around 15% higher on Booking.com.