Nightly Rate

What factors influence the nightly rate of a short-term rental?

‍Key factors include location (proximity to attractions, beaches, or CBDs), property size and amenities, seasonal demand, local events, and competitor pricing. Higher-quality furnishings, unique features (e.g., pools or views), and strong guest reviews can also justify premium rates.

How often should I adjust my property’s nightly rate?

‍Rates should be reviewed regularly, especially before peak periods (school holidays, festivals) or during low-demand seasons. Dynamic pricing tools can automate adjustments based on real-time demand, ensuring competitiveness year-round.

Does a higher nightly rate always mean higher earnings?

‍Not necessarily. Overpricing can reduce occupancy, while underpricing may fill calendars but lower overall profit. The ideal rate balances demand and value—tracking occupancy and adjusting rates strategically maximises long-term revenue.

How does MadeComfy determine a property’s nightly rate?

‍MadeComfy uses market data, demand trends, and competitor analysis to set dynamic nightly rates. Our pricing algorithm considers local events, seasonality, and booking patterns, ensuring your property remains competitive while maximising returns.

Are there additional fees guests pay beyond the nightly rate?

‍Yes, platforms like Airbnb and Stayz may charge service fees, while hosts can add cleaning fees or extra guest charges. Transparency about these costs upfront avoids deterring bookings—clear communication in the listing is key.