It’s Easy to Get Started With This Must-Have Vacation Rental Tool
Summary
This article highlights the benefits of using Beyond, a revenue management system, to dynamically adjust rates and boost profitability for vacation rentals. Hosts should consider using dynamic pricing to maximize revenue, and are advised to trust the platform's algorithms and utilize customer support.
Key Insights
- •Some hosts experienced doubling of one-month revenue due to dynamic pricing from Beyond, particularly during off-season.
- •Using Beyond's dynamic pricing enabled hosts to gain market share by dynamically changing rates based on demand and beat the market.
Action Items
- ✓Leverage customer support to maximize benefits of platform.Effort: lowImpact: medium
- ✓Trust Beyond's dynamic pricing algorithms and avoid overthinking or excessive manual intervention.Effort: lowImpact: medium
- ✓Consider implementing a dynamic pricing strategy using a tool like Beyond to improve ADR and occupancy rates, especially during the off-season.Effort: mediumImpact: high
Tools & Resources
- →Beyond: Beyond is a revenue management system.
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