Airbnb introduces 'smart pricing' to automate setting rates for hosts

Airbnb hosts will now have an easier way to set prices for their rentals

The company is making available a "Smart pricing" tool that automatically sets rates based on current supply and demand. The tool, which was announced during the company's Airbnb Open event Thursday, is available now to the platform's hosts.

The tool is an extension of the price tips feature introduced earlier this year. Price tips offered suggestions for hosts about when they should raise or lower prices to increase the number of bookings, based on previous trends, but required people to manually adjust the rates. Read more...