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 Instead of relying on outdated market averages, a comp set focuses on similar, high-performing listings to inform smarter pricing strategies.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
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 our previous blog post, we explored how customer segmentation can revolutionize the world of Short-Term Rentals (STRs), enabling property owners to tailor their marketing efforts, personalize guest experiences, and optimize pricing strategies. Today, we dive deeper into the crucial first step of this process: Data Collection. Discover 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 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
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