How to Get the Most Revenue Out of Your Short-Term Rental Business
Miss the hugely popular webinar we hosted with our partners at Beyond Pricing? Catch the recording here and learn all about how dynamic pricing can save you time, increase your occupancy and, most importantly, maximize your revenue.
Led by James Glover, Beyond Pricing’s Director of Sales, and Michal Freier, Director of Business Development at Guesty, the webinar delved into the benefits of dynamic pricing tools and how they can help property managers price their rentals appropriately during rises and dips in short-term rental demand. In other words – they find the sweet spot that yields the most revenue possible without discouraging bookings and sending would-be guests to more competitively priced hosts.
James presented some of the alternatives to utilizing dynamic pricing tools, like mimicking hotels or other short-term rental hosts, and explained why they just don’t cut it.
He then brought the dynamic pricing strategy to life with a case study that demonstrated the profound effects dynamic pricing can have on your business.
As the webinar was all about how to do less and earn more, Michal rounded off the session by honing in on the Guesty features that not only save you time, but contribute to increased revenue.
The webinar finished with a great Q&A session with our hosts fielding questions on the ins and outs of dynamic pricing from viewers all over the world.
One of the most interesting questions came from Anna, who asked where Beyond Pricing pull their occupancy data from. Beyond Pricing explained that they “use multiple sources of publicly available data to ensure we have an accurate and robust view of the market including HomeAway, Airbnb, VRBO, and Expedia.”
Another great question came from Jose, who asked how Beyond Pricing differentiate between high and low-end properties in a certain area when calculating what property managers should be charging. James answered that they “treat each property differently and do not pool groups together. Using data we can make sure that each property is set up to maximize revenue.”
To hear more questions (and their answers) regarding dynamic pricing from property managers like you, make sure to watch the webinar until the end.
More to Come
Stay tuned for more exciting and informative webinars, all aimed at helping you manage better.
If you’re interested in learning more about property management and discovering the many ways Guesty's platform can help your business, we invite you to a free one-on-one session with one of our experts.