You’ve created a listing on KOALA potential guests will love. But how do you price your listing to give yourself the best chance of getting booked? Read on for the definitive guide to pricing your timeshare to rent (even in an uncertain market).
You’ve created a listing on KOALA potential guests will love. But how do you price your listing to give yourself the best chance of getting booked? Read on for the definitive guide to pricing your timeshare to rent (even in an uncertain market).
When pricing your listing on KOALA, it may be tempting to base desired earnings on your maintenance fees or even your purchase price. While a vision of making a profit relative to your costs is naturally appealing, it’s crucial to consider what vacationers are willing to pay (or are already paying) for a comparable listing in your destination. Be careful not to lean into cognitive biases that could distort your understanding of – and willingness to accept – fair market value for your timeshare rental.
Timeshare resorts will often rent spare rooms through major booking sites such as Expedia or Booking.com. Check out the price on similar listings to determine an ideal listing price that’s sure to make your listing competitive.
A comparable listing will feature these 3 key details:
The list above will help you find a solid comparable, but it’s also important to consider:
There are exceptions, of course, but we typically recommend setting a price that is at least 25% below what you see for comparable listings on platforms like Expedia or Booking.com. “Fair market value is a strong indicator of how to price your listing. But resorts often price their units to make the highest profit, and they can handle a certain number of vacancies every week. With timeshare ownership, however, it’s essential for your listing to get booked. Pricing at least 25% below what you see on the booking sites sends an impossible-to-ignore signal to potential renters.”
Questions about how to price your listings? Check out a video of our pricing guide!