Dynamic pricing needs a framework or it will hurt you
Turning on dynamic pricing and walking away is how hosts end up with a full calendar and terrible revenue in slow months.
The tool needs guardrails:
Hard floor price. Never let it go below this no matter what the algorithm suggests
Peak ceiling. Set it yourself, don't leave it uncapped
Weekly comp review, not daily. Daily rate-checking is a time trap
Manual overrides for shoulder seasons because algorithms don't always read local signals well
Dynamic pricing automates execution. You still own the strategy.
I've watched hosts drop 20% revenue in off-peak because they trusted the tool completely. The tool doesn't know your market the way you do.
Are you using dynamic pricing and do you set a hard floor or let it run fully automated?