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 > [...]
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 [...]
How to Overcome Data Availability and Quality Challenges?
How to Overcome Data Availability and Quality Challenges in STR Dynamic Pricing? 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 [...]
How to Overcome Competitor Monitoring Challenges in STR Dynamic Pricing?
How to Overcome Competitor Monitoring Challenges in STR Dynamic Pricing? 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 [...]
How to Overcome Market Volatility in STR Dynamic Pricing?
How to Overcome Market Volatility when Implementing Dynamic Pricing for STR? Market volatility is an inherent challenge faced by short-term rental (STR) owners and property managers when implementing dynamic pricing strategies. Fluctuations in demand, seasonal changes, and unforeseen events can impact [...]
