We go one step further by publishing our forward looking, on the books occupancy. Guess what – Summer 2022 vacation rental data shows unprecedented demand. See the growth across world regions and European destinations in this article. Explore a real-life example of the importance of this visibility to short-term rental property managers.
For property managers, one of the most challenging dimensions of short-term rental pricing strategy is events. One-off events are especially difficult to handle, with property managers blind as to the levels of demand that can be expected without historical data & how to build strategy optimally. Forward-looking data can demystify the picture, so, let’s explore the impact of the 2022 Champions League final on Paris short-term rentals: What’s the change in pricing & occupancy?
How do you choose the right price for your short-term rental? We talk seriously about setting optimal variable rates. In reality that ‘right price’ will look different on a different platform or date. This is the fundamental principle of dynamic pricing.
Setting optimal variable rates is crucial to a vacation rental property manager’s bottom line. And, while there’s data to inform and automated pricing tools to implement these rates, it pays to understand the principles. So why not read on?!
As vacation rental supply & demand continue to burgeon, traditional hospitality businesses & their competitive understanding have had to evolve; as have the operations that support them. Hotels & short-term rentals, along with hospitality data provision, are converging.
Why should you be looking cross-sector, and how will data convergence help you?
Transparent BI is a central business intelligence platform that helps property managers who are looking to be leaders in their market to answer business questions effectively. So why is Transparent BI the new necessity for short-term rental property managers?
Learn about optimal growth, pricing, reporting & more with the most powerful data tool out there.
Vacation rental pricing is central to property management. Establishing a base rate with market data – accounting for competitors – is key to your revenue. “The primary aim of revenue management is selling the right product to the right customer at the right time for the right price”. We begin to explore how to get that right price.
A property manager in Colorado recently got a new view into their market. Their 3 bedroom home was consistently booked and earned enough to cover its expenses – by most measures a success story! Yet when looking at the full picture, how successful? Like so many other property managers, they started to wonder “is my vacation rental listing underpriced?”
As a revenue or property manager, how do you improve performance? The first step is internal reservations data & market data, which allow you to project, set targets, track progress & identify key adjustments. We look at types of vacation rental data, applications & resources including Transparent tools.