2 min read
Some things to think about when setting your prices…
The room price you choose will have a huge effect on your occupancy rate and the types of people you attract.
Do you want to match the prices offered in the local market or charge extra to access your vetted community?
As a coliving host, you probably already know the value of your community and your guests should know too. You should find a way to market it and charge for it accordingly.
Some things to think about when setting your prices:
Here are the 4 levels of monthly prices we have found – with monthly being 30 days:
Basic: $300 -> $600
Medium: $600 -> $1,200
High: $1,200 -> $1,800
Exclusive: $1,800 -> $3,000
These prices can be charged anywhere in the world but it’s all based on what you are offering in return.
For example, you can offer a bunk bed in NY for $500 per month, and you can offer villas in Bali for $2,500 per month.
It all depends on your outgoing costs and how many guests are sharing the space.
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