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Price Sensitivity for STRs

Price Sensitivity for STRs What's on this page: > Introduction > Price Elasticity of Demand > Inelastic Demand and Elastic Demand > STR Demand Type: Elastic or Inelastic > Segmentation > Results > [...]

By Neal Cyr|2024-06-04T18:18:53+00:00June 4th, 2024|Pricing|Comments Off on Price Sensitivity for STRs

Improving your pricing with NLP

Improving your Pricing with NLP What's on this page: > Introduction > What is NLP? > Training vs Buying a Model > Training > Pipeline and Integration > How Reviews Impact Choice > [...]

By Neal Cyr|2024-05-13T20:29:38+00:00April 23rd, 2024|Pricing|Comments Off on Improving your pricing with NLP

Introducing Search Based Comp Sets

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 [...]

By Neal Cyr|2024-05-13T20:39:40+00:00March 20th, 2024|Pricing, Strategy|Comments Off on Introducing Search Based Comp Sets

How Optimization Models Work

How Optimization Models Work Our previous article was a detailed exploration of how Base Price Models work.  That is a good place to start if you want to understand the industry standard pricing model for the short-term rental industry.  I went [...]

By Neal Cyr|2024-05-28T06:39:21+00:00December 20th, 2023|Pricing|Comments Off on How Optimization Models Work

How Base Price Models Work

How Base Price Models Work Base price models are currently the industry standard in dynamic pricing for short-term rentals.  The primary reason this model is so popular is that it is simple and scalable.  It is simple regarding the math involved [...]

By Neal Cyr|2024-05-21T00:54:49+00:00October 5th, 2023|Pricing|Comments Off on How Base Price Models Work

Key Factors to Consider Before Pricing Your STR

Key Factors to Consider Before Pricing Your STR Property Are you struggling to determine the perfect pricing strategy for your short-term rental property? You're not alone! As a short-term rental owner or property manager, setting competitive and profitable rates can be [...]

By Jessica Ente|2024-05-13T20:43:29+00:00September 11th, 2023|Pricing|Comments Off on Key Factors to Consider Before Pricing Your STR

Customer Segmentation in STR

Customer Segmentation in STR In the dynamic world of short-term rentals (STR), where competition is fierce and guest expectations run high, property managers and owners are constantly seeking strategies to stand out and drive revenue. Enter customer segmentation – a powerful [...]

By Jessica Ente|2024-05-13T20:46:00+00:00August 21st, 2023|Strategy|0 Comments

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