Expert Q+A: Pricing + Revenue Management
Both Anurag and Neal have extensive backgrounds in airline revenue management and have been working to provide revenue management, pricing technology for the short-term rental segment. We had a chance to sit down with them and chat about basic concepts, technology solutions, and strategies. https://www.youtube.com/watch?v=Rv7AMu4txOI The Vacation Rental Experts: Quibble Neal Cyr, Co-founder PriceLabs Anurag […]
VRM Intel Data and Revenue Management Conference (DARM) Recap
We had a chance to participate in the 2nd Annual DARM conference focused on short-term and vacation rental. Because there was so much valuable information, we decided it is best to share as a 2-part series. More snackable content is better – here is a 5 minute read. Top 5 Data Points: Markets, Definitions, and […]
Summarizing Vrbo’s Partner Week Event, Forecasting on the Future: Make a Plan to Rebound from Covid-19
We listened in on the Vrbo Partner Week Event, Forecasting on the Future: Make a Plan to Rebound from Covid-19. We all know that COVID-19 has changed the way travelers are looking to book and their considerations while traveling. One of the first callouts is that searches for Vrbo are up Year over Year – […]
Using The Carrot Model™ To Conquer Complaints
Contributed by Doug Kennedy, Kennedy Training Network Anyone who has ever attended a training session on customer service has probably heard the trainer throw out the statistic, “An unhappy customer tells 9 to 10 others…,” which originally came from a study published by the U.S. Office of Consumer Affairs in 1986. Now in the era […]
Investing in the Short-Term Rentals during COVID-19
Are Vacation Rentals a Good Investment Right Now? There are many questions that face investors considering new investments in vacation rental properties. Is now a good time to buy? What does the state of the short-term rental market look like? What can I expect the closing process to look like given current social distancing protocols? […]
Syncing Calendars between Distribution Channels
I Have a Vacation Rental, How Can I Prevent Double Bookings? If you’ve been managing vacation rentals on Airbnb, VRBO and Booking.com, chances are you’ve experienced the dreaded “double booking” because you got a booking on one site and shortly thereafter got another booking on a different site because you failed to block the inventory […]
Why the Rise of Instant Book Gives Rise to Dynamic Pricing
“Life moves pretty fast. If you don’t stop and look around once in a while you could miss it.”FERRIS BUELLER Classic movie. Basic concept. When it comes to short-term and vacation rentals, one of the most basic and important concepts is the price. Of course, operational excellence like cleanliness and safety is a necessity, and […]
Pros and Cons of Airbnb Smart Pricing
Why should I use Airbnb Smart Pricing? Airbnb launched Smart Pricing in 2015, and a lot has changed in 5 years. Though the specific algorithm and functionality of this Airbnb pricing technology may still be somewhat the same, there have also been new entrants to help you with dynamic pricing and yield management. If you’re […]
3 Ways to Use Length of Stay Pricing Strategies to Drive Higher Revenue
Wouldn’t you love for every booking to be 7 nights? If only all demand was for 7 nights or more….a girl can dream. Practicing length of stay (LOS) pricing your home across all channels – Airbnb, VRBO, and maybe even Booking.com or others can help make more money off your vacation rental. But getting to […]
Make Your Listing Stand Out: The Power of Images
There is a fine line between struggling to cover the costs of owning a vacation rental property and turning a profit. Certainly, there are several tweaks an investment property owner can make to nudge the financial needle; by far the most impactful move you can make is to invest in your vacation rental photography. Learn more about what you can do to make your property stand out.
