Customer Segmentation in STR: Data Collection In our previous blog post, we explored how customer segmentation can revolutionize the world of Short-Term Rentals (STRs), enabling property owners to tailor their marketing efforts, personalize guest experiences, and optimize pricing strategies. Today, we [...]
Understanding the Role of Revenue Management in STR In the fast-paced world of short-term rentals (STR), effective revenue management plays a crucial role in ensuring the success and profitability of property managers and STR owners. By optimizing pricing strategies, minimizing vacancies, [...]
Understanding Dynamic Pricing in STR Dynamic pricing involves adjusting rental rates based on various factors such as seasonality, demand, local events, and competitor rates. This strategy enables hosts and property managers to maximize revenue by charging higher prices during peak periods and [...]
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 [...]
The Impact of Minimum Stay Requirements on Your Short-Term Rental Revenue In the world of short-term rentals (STR), minimum stay requirements can have a significant impact on your short-term rental revenue. As a property owner, finding the right balance between profitability [...]
Unlock the Benefits of Early Planning: 5 Reasons to Set Your 2023 Budget Now Congratulations on taking the initiative to set a budget for 2023! Establishing a budget can be overwhelming, but it's essential to achieving your financial goals. This will [...]
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 [...]
The Importance of Revenue Management for Short-Term Rentals "Early planning is a great way to ensure that you're making the most of your money and investing it in a way that will benefit you in the long run." Revenue [...]
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 [...]
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 [...]
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