3 Ways to Make More Money This Summer
The vaccine is being given, families are willing to spend on travel, and they are excited and looking forward to getting out of the house. How can you make the most of this summer’s travel demand? 65% of short-term rentals are forecasting higher revenues in 2021 over 2020. This is especially true in more remote, destination […]
Winter Travel: COVID-19 and Cancellations
With COVID-19 still impacting travel, what are the trends to watch this winter season? We’re breaking down this question into two main sections: Booking Trends Cancellations Booking Trends Booking Trends have absolutely shifted, but a look at the recent September data could help us predict the holiday period. According to Guesty, in September, across […]
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 […]
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 […]
Are Vacation Rentals a Good Investment?
Is a vacation rental a good investment for you? To decide, you first need to determine your goals for the purchase. Do any of these apply to you? Is it your dream to own a property in a vacation destination? Are you seeking a particular return on your investment? Do you want to diversify your […]
Where Should I List My Vacation Rental?
Find a Comparison of Vacation Rental Websites and Fees. Where you decide to advertise your property will determine the quantity and quality of guests you receive, and ultimately the income your short-term rental will generate. Take a deep dive into the different fee structures, cancel policies, location factors of your vacation rental, impact of reviews and the pros and cons of selecting one platform vs listing on all at once.
Pricing and Optimizing a Short-Term Rental
As an owner of a short-term or vacation rental, you’re wondering, “What should my average price be on Airbnb?” “What should my average price be on VRBO? “Will dynamic pricing help me make the most of my home?” Learn more here.
