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 > Results, [...]
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 [...]
The End of Base Price: QuibbleRM Case Study
The End of Base Price: A QuibbleRM Case Study Revenue Management The process of adjusting prices to better match demand is called revenue management and is a form of price discrimination. It is a practice widely used today to increase [...]
Pricing, forecasting, and benchmarking: Master the two primary sources of competitive data
Pricing, forecasting, and benchmarking: Master the two primary sources of competitive data Competitive data in the short-term rental market gives managers answers to important questions regarding their pricing strategy. This type of data is also used in revenue management and pricing [...]
