The Case Against Last-Minute Discounting
The Case Against Last-Minute Discounting What's on this page: > Introduction > Airlines vs STR’s > Why Don’t Airlines Discount Last Minute > Why do STR’s Discount Last Minute > How to Turn Off your [...]
Price Sensitivity for STRs
Price Sensitivity for STRs What's on this page: > Introduction > Price Elasticity of Demand > Inelastic Demand and Elastic Demand > STR Demand Type: Elastic or Inelastic > Segmentation > Results > [...]
Improving your pricing with NLP
Improving your Pricing with NLP What's on this page: > Introduction > What is NLP? > Training vs Buying a Model > Training > Pipeline and Integration > How Reviews Impact Choice > [...]
Introducing Search Based Comp Sets
Introducing Search Based Comp Sets Introduction Back when I was pricing flights in the airline industry, my VP used to tell me “You can only be as good as your dumbest competitor.” The strong implication was, that if your competitor [...]
Introducing quibble Bookable Search™
Introducing quibble Bookable Search™ Search Data in Short-Term Rentals and Vacation Homes I. Introduction Marketing and pricing professionals are always looking for powerful data sets to help them make better decisions. Knowing who or how many people are [...]
How Optimization Models Work
How Optimization Models Work Our previous article was a detailed exploration of how Base Price Models work. That is a good place to start if you want to understand the industry standard pricing model for the short-term rental industry. I went [...]
How Base Price Models Work
How Base Price Models Work Base price models are currently the industry standard in dynamic pricing for short-term rentals. The primary reason this model is so popular is that it is simple and scalable. It is simple regarding the math involved [...]
Revenue Opportunity
Revenue Opportunity Revenue managers have a finite amount of daily time to make decisions. Each decision they make should improve the probability of increased revenue, and they must spend that time efficiently to have the most significant possible impact on revenue [...]
Pricing a New Vacation Rental Property
Pricing a New Vacation Rental Property 🏁 Getting new properties As a property manager, growing your inventory is one of the primary drivers of increasing your company's revenue. However, attracting these properties is a unique endeavor of its own. So [...]
Does Revenue Management still work during COVID-19?
Does Revenue Management still work during COVID-19? 🏁 Let's start with Revenue Management Revenue Management is both a science and a practice of price discrimination, the economics term for charging different prices for the same product. It can be applied [...]
