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 of exclusive high value properties. Pricing these properties and taking into account their unique attributes was a big challenge to automate.

  • Manual Pricing Processes: Setting and adjusting rental rates manually was time-consuming and prone to errors.
  • High Value Propertiess:  Properties that are very unique and demand outsized ADR’s can be very challenging to automate.
  • Competitive Landscape: Staying ahead of competitors required real-time market insights and agile pricing strategies.

Solution: Partnering with Quibble

To address these challenges, BeachHaus partnered with Quibble, a cutting-edge revenue management platform tailored for short-term rental operators. Quibble’s RevenueOS leverages advanced algorithms and consumer choice modeling to optimize nightly rates in real-time. The biggest difference came from AI Vision Boost, which extracted the competitors images and rated them to improve the pricing.

Implementation and Results

By integrating Quibble into their operations, BeachHaus achieved:

Pricing Optimization

Real-time rate adjustments based on market demand, property quality, and competitor behavior.

Enhanced Market Insights

Access to portfolio analytics, market intelligence, and occupancy trends, leading to data-driven decisions.

Increased Revenue

An uplift in RevPAR by up to 18%, attributed to optimized pricing strategies.

PMS Transitions

Quibble was able to preserve reservation data through PMS transition.

💎 Conclusion

The partnership with Quibble empowered BeachHaus to navigate the complexities of the vacation rental market pricing effectively. With dynamic pricing, AI Vision Boost, comprehensive market insights, and improved operational efficiency, the company enhanced its competitiveness and profitability.

Ready to give your STR a competitive edge with AI?

Contact us today to learn more about how we can help you achieve your business goals.

Share this article, choose your platform!

Recommended Reads

  • Customer Segmentation

    Customer Segmentation in STR

    August 21st, 2023|

    In the dynamic world of short-term rentals (STR), where competition is fierce and guest expectations run high, property managers a

  • System Complexity and Technical Infrastructure

    How to Overcome Technical Infrastructure Complexity in STR Dynamic Pricing?

    August 16th, 2023|

    In the bustling world of Short-Term Rentals (STR), dynamic pricing has revolutionized revenue optimization by tailoring rates to r

  • Data Availability and Quality

    How to Overcome Data Availability and Quality Challenges?

    August 14th, 2023|

    In our previous blog post, we delved into the complexities and challenges of implementing dynamic pricing in the short-term renta

  • Competitor Monitoring

    How to Overcome Competitor Monitoring Challenges in STR Dynamic Pricing?

    August 9th, 2023|

    In today's fiercely competitive short-term rental (STR) market, pricing plays a pivotal role in attracting guests and maximizing r