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.
According to AirDNA, demand for travel in Europe this summer is not being stymied by airport delays or inflation; the desire for European short-term rentals is 11.4 percent higher in May than in May 2019, with 31.5 million nights stayed then.
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.