Mid-Term Rentals (MTR) - Default Pricing

Mid-Term Rentals (MTR) - Default Pricing

Once you select Mid-Term Rental (MTR) as your property type, PriceLabs automatically applies default settings designed specifically for mid-term rental pricing. These defaults help ensure that your pricing is influenced by relevant MTR market data while avoiding short-term rental adjustments that may not be appropriate for longer stays.

Below are the default customizations and settings that apply to new MTR listings.

Market Factors

Similar to other property types, Seasonality Factor and Demand Factor are applied by default. However, the pricing fluctuations generated by these factors are based specifically on MTR market data rather than the broader short-term rental market.

This allows PriceLabs to account for demand patterns and seasonal trends that are more relevant to longer-stay properties.

For more information, please see: Seasonality Factor and Demand Factor

Default Customizations

These customizations that are applied by default to MTR listings.
  1. Safety Minimum Price helps protect your listing from prices falling below a safe minimum.
  2. Booking Recency Factor continues to adjust prices based on recent booking activity when its criteria are met.
For more information, please see: Default Discounts and Premiums

MTR Comp Set for Dynamic Pricing, Neighborhood Data, and Booking Pace History

The comp set used for Dynamic Pricing (DP), Neighborhood Data (ND), and Booking Pace History (BPH) is changed to include only MTR listings.

By default, these data sources use listings with a 28-night or longer minimum stay, ensuring that pricing recommendations and market insights are based on properties that are more comparable to MTR listings.

Want More Control?

Unlike in Short Term Rentals, these customization options are not applied by default however, you still have the options to set them up as needed depending on your own requirements.
  1. Last Minute Prices
  2. Orphan Prices
  3. Far Out Prices
  4. Occupancy-Based Adjustments
You can fine-tune your MTR pricing strategy anytime using Pricing Customizations. This allows you to adjust individual settings based on your property's needs while continuing to benefit from MTR-specific market data and recommendations.