In this new COVID-era travel ecosystem where every dollar counts and generating the most yield from every listing is essential, revenue management is no longer a buzzword but a fundamental piece in any property management company’s success. That’s why we hosted a virtual event to discuss how property managers can optimize their rate strategies to boost revenue all while catering to rising guest expectations.
As standard pricing strategies, such as seasonality and last-minute deals, went out the window due to new consumer behavioral patterns that emerged during the pandemic, our panel of industry experts – from Beyond, Angel Host and Host & Stay – discussed how utilizing advanced analytics is key in maximizing occupancy and generating profits. Our speakers also provided actionable insights on how to encourage more bookings by offering additional pricing options like flexible cancellation policies.
We then rounded off the event with a panel discussion and an interactive Q&A session featuring questions submitted by our audience.