Why Do Base Price Models Need So Many Comps?
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 [...]
The Case Against Last-Minute Discounting
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 [...]
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 > [...]
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 > [...]
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 [...]
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 [...]
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 [...]
Customer Segmentation in STR: Data Collection
Customer Segmentation in STR: Data Collection 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 [...]
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 [...]
How to Overcome Technical Infrastructure Complexity in STR Dynamic Pricing?
How to Overcome System Complexity and Technical Infrastructure in STR Dynamic Pricing? 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 [...]
