The rapid growth of the short-term rental market has inspired a wave of innovative marketing software solutions tailored to assist businesses in optimizing their marketing efforts. As a conscientious property manager or vacation rental owner, you recognize the crucial role marketing plays in ensuring the success of your Read More
When it comes to property management, pricing is a crucial factor that can make or break a business. Unfortunately, it's all too common for property managers to make pricing mistakes that end up costing them in the long run. Some of the most common mistakes include underpricing, overpricing, Read More
In recent years, short-term rentals have experienced a surge in popularity, thanks to platforms such as Airbnb, VRBO, and HomeAway, which offer a cost-effective and accessible alternative to conventional hotel accommodations. For hosts or property managers of these short-term rentals, maintaining a pristine and orderly property is crucial Read More
Introduction to Computer Vision Computer vision technology has emerged as a game-changer in various industries, revolutionizing the way tasks are accomplished and streamlining processes for efficiency. Computer vision is a field of artificial intelligence that focuses on the analysis and interpretation of digital images and videos. By Read More
Vacation rentals are a booming industry. There are over 7 million vacation rentals worldwide, and that number is growing each year. With so many people renting their properties out on a regular basis, attracting customers and maintaining high occupancy rates can be challenging —especially when you're new to Read More
"Short-term rental laws...". We've all heard the phrase. It's a vague and intimidating thought. The legality of renting out your home is an extremely hot topic right now and one that many renters, apartment dwellers, and property owners are confused about. The short-term rental industry has grown exponentially Read More
Discrete Choice Experiments (DCEs) Discrete choice experiments, or DCEs, are a sampling technique used to collect data and derive demand curves for various attributes of products. They are typically conducted in retail settings, but they can also be used in other industries where there are a Read More
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 allow you to plan ahead and ensure you are prepared financially for the upcoming year. In addition, having a budget in Read More
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 performance. A single property in a portfolio will have Read More
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 algorithms to optimize price. For data to be predictive, it needs to be both accurate Read More
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