At TripWip, we have a dynamic pricing model that automatically adjusts rental rates to maximize your earnings or increase the number of bookings, depending on current demand.
You activate it in host mode > vehicles > Prices and discounts > Activate dynamic pricing.
How is the price calculated?
Dynamic pricing is based on real-time supply and demand analysis. When demand is high and there are few cars available, the system increases the price so you can earn more income. Conversely, when demand is low, the price is adjusted downward to encourage more rentals and keep your vehicle in circulation.
What are the benefits of dynamic pricing?
Higher profitability: During high demand periods, you can earn more income without needing to manually adjust prices.
More bookings in low season: If demand is low, prices are optimized to attract more drivers and increase the number of rentals.
Automated management: You don’t need to constantly check and change prices; TripWip does it for you intelligently.
Can I disable dynamic pricing?
Yes. If you prefer to set a fixed price for your rentals, you can disable the dynamic pricing option from the settings section in the app. This way, you will have full control over your vehicle's rate.
The dynamic pricing model is designed to give you flexibility and optimize your earnings. If you have questions or need help setting it up, our support team is available to assist you.