How to Choose a Pricing Model
What's on this page: > Introduction > Types of Models > Rules Based Model > Optimization Model > Gains from each model > Why they are limited > What model is right for your business? Introduction Read More
How to Select a Revenue Manager
What's on this page: > Introduction > Qualifications > Full-time or Consultant > Expectations > Software > Revenue Meetings > Other Industry Experience > Pushing Pricing Science > Evaluating Performance > Conclusion Introduction A Read More
How to Respond to Pricing Complaints
What's on this page: > What Is Price Competitiveness? > Other Competitiveness Data Sources > How to Respond to Pricing Complaints? > Supporting Data > Humility in Communication What Is Price Competitiveness? Price competitiveness refers to the difference in Read More
Dynamic Pricing ≠ Optimized Pricing
What's on this page: > Introduction > History > Dynamic Pricing > Optimized Pricing > Other Models > Does changing prices increase your revenue? > Dynamic and Optimized Pricing > Conclusion Introduction Sometimes, it seems there Read More
Revenue Manager vs Revenue Scientist
What's on this page: > Revenue Management > The Revenue Manager > The Software > Revenue Manager + Software > Changing the Output > Fixing the Input > The Revenue Scientist > Market Fragmentation Revenue Management Read More
Why Do Base Price Models Need So Many Comps?
What's on this page: > Introduction > What is the Base Price model? > How Does a Base Pricing Model Set the Price? > Why Were They Built This Way? > The Disincentive for Innovation > The 3rd Option Read More
The Case Against Last-Minute Discounting
What's on this page: > Introduction > Airlines vs STR’s > Why Don’t Airlines Discount Last Minute > Why do STR’s Discount Last Minute > How to Turn Off your Last-Minute Strategy and Make More Money > Downward Spiraling > Read More
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 > Recommendations Introduction When prices go up, people buy Read More
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 > Results, Limitations, and Competitors Reviews > Conclusion Introduction Read More
How Price Optimization Models Work (Explained Simply)
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
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