Insight
Listings with Dynamic Time-Based Adjustments (dTBA) saw a +4.61% increase in RevPAN (Revenue per Available Night).
Short-term Rental Host Tip: How to Use Discounts to Your Advantage
Summary
Beyond Pricing's article advises hosts on dynamic pricing for STRs. The article highlights that slashing prices isn't the best strategy; implementing Dynamic Time-Based Adjustments (dTBA) is a better method to adjust rates based on market trends and lead times. dTBA helps maximize revenue, with listings showing a +4.61% RevPAN increase.
Key takeaway