We advise Host to benchmark their rates to comparable hotel of similar standards and apply a 30% to 50% discount.
For example, if you have a brand new swanky 1 bedroom apartment in town, you can benchmark your pricing against boutique hotels. If the boutique hotels are charging US$250/night (for 2 pax), then you can price your swanky apartment between US$125 to US$175.
If you have a bigger apartment or more rooms, you can proportionally increase your pricing
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