Glossary

Comp set

A comp set, short for competitive set, is the group of nearby listings a guest would realistically choose between along with yours. You compare your price, photos and reviews against this group, not the whole market.

Examples on this page use made-up homes and numbers to show the method. They are not client results.

How to build one

Search your area the way a guest would, signed out, for typical dates and your guest count. Pick 5 to 10 listings that match yours on:

  • Bedrooms and how many guests they sleep
  • Whole home or private room
  • Location: the same neighbourhood or the same distance from what guests come for
  • Key features guests filter by, such as pets, parking, pool or hot tub

Example

Imagine a lakeside cottage that sleeps 8. A downtown studio is not a comp, even if it is five minutes away. Another cottage on the same lake is.

What to compare

  • Total price for the same dates, including cleaning fees
  • Cover photo and the first words of the title
  • Rating and number of reviews
  • Minimum stay and cancellation policy

Put it to work

Related terms

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