In the ever-evolving world of short-term rentals, staying ahead of the competition is essential for success. One strategy that can significantly impact your rental revenue is dynamic pricing. By adjusting your prices based on demand and market conditions, you can optimize your profits [...]
Exploring the Latest Vacation Rental Pricing Trend: Minimum Booking Values One of the latest trends taking the market is the shift from minimum stay requirements to minimum booking values. As property owners and managers look for ways to optimize their revenue [...]
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 [...]
Revenue Analytics: Process Your Revenue Data the Right Way 📌 Revenue Processing Before looking at revenue forecasts, trends, and year-over-year positions, it is critical to understand how to read STR revenue numbers and how they come about. Technology providers collect [...]
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 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 [...]
Q+A with Pricing Experts Neal has a background in airline pricing and has recently launched Quibble, a dynamic pricing solution for short-term and vacation rentals. Anurag is the co-founder of PriceLabs, a revenue management tool for the vacation and short-term rental industry. Be [...]
Dynamic Pricing vs. Pricing Setting a Price There are numerous ways that firms can decide to set prices for their goods and services. If a seller has perfect information about the marketplace, the decision is quite simple. They can calculate all the possible prices [...]
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