Great pricing = more bookings. It’s that simple. Peerspace guests value upfront pricing with no surprises. That means when they see your listing, they should instantly understand what’s included and how much it costs. The hosts who earn the most on Peerspace make booking easy by using the right pricing tools and clearly outlining what guests can expect.
⏱️ Understanding the hourly pricing model
Peerspace operates on a simple hourly pricing model, giving guests the flexibility to book only for the time they need—and giving you control over how your space is used.
An hourly rate: The cost per hour to rent your space.
A minimum number of hours: The least amount of time a guest can book.
As a host, you set an hourly rate and minimum number of hours for each listing type (meeting, productions, events) so you can price based on the type of activities guests can book in your space. For example:
🖥️ Meeting listing - $80 per hour with 2-hour minimum
🎬 Productions - $150 per hour with 2-hour minimum
🎉 Events - $250 per hour with 4-hour minimum
🔑 Pricing features and strategies
Utilizing pricing features such as attendee pricing if pricing is based on number of guests and calendar pricing if pricing is based on day or time of the week
Creating add-ons to offer food, beverage, service, or equipment packages. You can price each add-on per person, per item, per hour, or flat rate fee.
👉 Pro Tip: Hosts who offer add-ons earn more and provide a better guest experience.
Specific details of what is included with the hourly price clearly described in the listing description.
If you don't have a standard hourly rate for your space, determine what your minimum booking total is and price accordingly. For example, if you prefer each booking to be $500 or more, you can price $125 per hour with a 4-hour minimum.
🧼 Should I charge a cleaning fee?
As a host, you are responsible for cleaning your space after each booking and preparing it for future use. Many hosts include their cleaning costs in their hourly rate because they know that guests prefer a simple, up front price. Some activities, such as events, typically require more cleaning than other activities such as photo shoots. You can consider this into your hourly pricing or cleaning fees.
🔧 Can I customize the hourly rates?
Absolutely. Here’s how:
Set your most commonly booked rate as your base hourly price.
Use Calendar Pricing for higher-demand days (e.g., weekends or evenings).
Use Attendee Pricing to scale your rate based on group size.
💬 What if a guest wants a custom rate?
You can offer a one-time price to guests that have inquired about your space to accommodate changes in your hourly rate. Use the invite-to-book feature to send guests a custom offer. You can customize the price and include key details discussed and agreed between guest and host.
Keep in mind Peerspace's service fee for hosts and processing fee for guests when quoting a price to your guest.
🚀 Start smart, then optimize
Finally, our most successful hosts adjust rates based on interest, seasonality, and offerings. Be sure to revisit your pricing often and adjust accordingly! Learn more about Peerspace pricing strategies.