The Airbnb pricing fluctuates just like most hotel establishments. Factors like seasonal demand, competitor pricing, amenities, and special occasions affect Airbnb rates. Seasonal demand The demand for Airbnb reservations also depends on the month or season of the year. If the property is near a touristy hotspot, the rate is higher during summers. Those who could not book a hotel will resort to Airbnb for accommodation. Large groups like family and friends prefer Airbnb for flexibility. The platform is more accommodating for big groups staying long in the property. Weekends Most hosts increase their prices during weekends. These are the days of the week where people love to spend out of town. They would generally book a staycation and take the week off from work. During weekends, the rental fees can increase from 10% to 15% of the regular rate. If you want to cut costs on rental payments, choose to book on a weekday. Mondays to Thursdays tend to have lower occupancy compared to weekends. Special events Special events within the property’s vicinity are also a factor that affects the rate. Music festivals and concerts that happen near the place attract guests. Suppose you are looking for a listing during these occasions, except that the rate is higher than usual. There are instances that the booking rate is up to 5 times higher than the standard nightly rate. Special amenities Hosts who want the best experience for their guests equip them with amenities. However, these amenities would also come with a price. If you prefer comfort to expenses, you can look for a listing with great amenities. You can search for a property with pools, pet-friendly, and parking space. There are plenty of Airbnb listings that offer excellent amenities for their guests. Some would even include a complete set of wine glasses, a coffee machine, and a bicycle to make the guest stay better. Nearing the stay date Unlike hotels with cheaper rates near check-in, Airbnb hosts raise their nightly rates. The host can profit, especially in locations with massive vacation rentals. They take advantage of low inventory in terms of properties to make more profit. Airbnb is an alternative to hotels, especially for large groups and long-term stays. On average, hosts allow up to six guests on their property compared to hotels with a maximum of four. But just like hotels, Airbnb can charge you an extra amount if you go beyond the required occupancy rate.