Post by High Priestess on Sept 21, 2015 1:12:35 GMT
How Airbnb Uses Big Data And Machine Learning To Guide Hosts To The Perfect Price
"Price Tips, a feature that the company announced Thursday at its OpenAir conference in San Francisco, is a constantly updating guide that tells hosts, for each day of the year, how likely it is for them to get a booking at the price they’ve currently chosen. Hosts can glance at a calendar and see what dates are likely to be booked at their current price (green) and which aren’t (red), and they can get price suggestions as well. When hosts price themselves within 5% of the suggested price, they are “nearly four times” as likely to get a booking as when they don’t, Airbnb said."