What’s on this page: > Introduction > Price Elasticity of Demand > Inelastic Demand and Elastic Demand > STR Demand Type: Elastic or Inelastic > Segmentation > Results > Recommendations Introduction When prices go up, people buy Read More
What’s on this page: > Introduction > What is NLP? > Training vs Buying a Model > Training > Pipeline and Integration > How Reviews Impact Choice > Results, Limitations, and Competitors Reviews > Conclusion Introduction 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
Our previous article explored how Base Price Models work — the industry-standard pricing model for short-term rentals. It's a reliable, scalable model that makes your nightly rates fluctuate with the market. What it doesn't do is optimize pricing for maximum revenue. That's where this article picks up. Read More
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 in setting the price, there are no probabilities or advanced statistics required Read More
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 one of the most challenging aspects of the business. In this blog post, we'll dive into Read More
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 technique that has proven to be a game-changer in the STR Read More
In the bustling world of Short-Term Rentals (STR), dynamic pricing has revolutionized revenue optimization by tailoring rates to real-time market dynamics. However, this innovation comes hand-in-hand with challenges surrounding technical infrastructure and system complexity. In this article, we'll delve into the expertise of Gustavo Rivera Pecunia, Co-Founder and Read More
In our previous blog post, we delved into the complexities and challenges of implementing dynamic pricing in the short-term rental (STR) market. One major challenge faced by STR owners and property managers is ensuring data availability and quality to support their pricing decisions. Dynamic pricing hinges on Read More
In today's fiercely competitive short-term rental (STR) market, pricing plays a pivotal role in attracting guests and maximizing revenue. One of the biggest challenges is keeping track of your competitors' pricing strategies and responding to them in real-time. This is where competitor monitoring comes in, and there are Read More
At Quibble, we are always out to share what we know with people like you in the short-term rental community.
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