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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 [...]

By Neal Cyr|2024-05-28T06:39:21+00:00December 20th, 2023|Pricing|Comments Off on How Optimization Models Work

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 [...]

By Neal Cyr|2024-05-21T00:54:49+00:00October 5th, 2023|Pricing|Comments Off on How Base Price Models Work

Leveraging Discounts for Last-Minute Bookings

The short-term rental (STR) industry is growing rapidly, and property managers and STR owners are seeking innovative ways to increase revenue and occupancy. One pertinent challenge is optimizing pricing strategies for last-minute bookings, which can boost profits while ensuring that vacation rentals remain [...]

By Jessica Ente|2024-05-13T20:49:16+00:00July 31st, 2023|Strategy|0 Comments

Last-Minute Bookings

Pricing Strategies for Last-Minute Bookings Last-minute bookings are becoming increasingly significant in the vacation rental industry. As travelers become more spontaneous and expect instant access to information, short-term rental (STR) owners and property managers must adapt their pricing strategies to attract these [...]

By Jessica Ente|2024-05-13T20:48:53+00:00July 26th, 2023|Pricing|0 Comments

Revenue Management in STR

Understanding the Role of Revenue Management in STR In the fast-paced world of short-term rentals (STR), effective revenue management plays a crucial role in ensuring the success and profitability of property managers and STR owners. By optimizing pricing strategies, minimizing vacancies, [...]

By Jessica Ente|2024-05-13T20:50:36+00:00July 19th, 2023|Revenue Management|0 Comments
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