As a property manager, the benefits of dynamic pricing might seem clear to you: more accurate prices on your listings, access to decision-driving data and insights, time savings, and, ultimately, maximized revenue. However, your owners will undoubtedly have questions.
To help you build out your revenue management strategy, I have identified a few red flags that I spot in the booking and reservation data. Spotting these red flags can help you immediately course-correct your pricing and revenue management.
There’s a big difference between the process of buying a new T-shirt versus booking a vacation. As such, there are some key differences in the purchase funnel, or booking funnel as we’ll call it, which we’ll go over in this article.
Dynamic pricing is the key to unlocking the potential of every rental and increasing the revenue potential for every vacation rental business. Here are our biggest takeaways from pricing thousands of vacation rentals (no, really) for hundreds of property managers (actually).
The Fourth of July may be a month away, but there’s no reason you shouldn’t start preparing for it now. With Memorial Day weekend behind us, summer party season has officially started, and many organizers are looking to short-term rentals. How can you make sure they don’t pick yours?