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 [...]
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 [...]
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 [...]
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 [...]
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