First things first, Loftium takes care of pricing for you! As part of our Loftium-established settings, we'll make sure your pricing is kept in great shape throughout the year. Please do not make any modifications to pricing on your listing!
From time to time, you may get a question from a guest about the cost of their reservation. The total price of a reservation on Airbnb is based on the nightly rate set by the host, plus the addition of other fees or costs. These include:
- Base nightly price: The minimum cost for reserving your guest space, per night. This will change based on Loftium's pricing algorithm, for demand, size of your space, day of the week, length of stay, holidays, events, etc
- Cleaning, management, or other fees: Loftium may include different fees on your listing as part of our overall pricing strategy — please do not alter/modify these!
- Local taxes: Taxes charged based on the location of the listing
- Airbnb service fee: Guest service fee charged by Airbnb—this helps Airbnb run smoothly and offer 24/7 community support
Heads up! The more reviews you have on your listing, and the higher your listing rating is, the more demand your guest space will generate! ✨ Asking your guests to give you a five ⭐ review each time goes a really long way toward drumming up demand and increasing your nightly prices, to bring in the most experienced of Airbnb guests.