Comp sets—short for competitive sets—are essential tools for short-term rental (STR) operators looking to increase revenue and stay competitive. Instead of relying on outdated market averages, a comp set focuses on similar, high-performing listings to inform smarter pricing strategies. What Is a Comp Set in Short-Term Rentals? Read More
Background Cohova, a leading vacation rental management company in Northwest Arkansas, sought to enhance its revenue management strategies to stay competitive in the dynamic short-term rental market. Their founder and CEO, Logan Humphrey, recognized the need for a more sophisticated approach and evaluated various solutions and Read More
Background BeachHaus is a premier vacation rental management company specializing in coastal properties. With a diverse portfolio of beachfront homes and condos, the company aims to provide exceptional guest experiences while maximizing returns for property owners. Challenges BeachHaus Rentals has curated a portfolio Read More
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 has bad pricing or drops their prices you can be forced Read More
Pricing Strategies for Last-Minute Bookings Last-minute bookings are becoming increasingly significant in the vacation rental industry. As travelers become more spontaneous and expect instant access to information, short-term rental (STR) owners and property managers must adapt their pricing strategies to attract these customers. In this blog post, Read More
📌 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 a lot of the same information when they create a reservation, but all providers do not 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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