Get More Last-Minute Bookings Without Cutting Your Rates [RevLabs Masterclass - March 2025]

PriceLabsMar 21, 20251h 3m777 viewsScore 85
Pricing & Profitability
intermediate
last-minute bookings
dynamic pricing
revenue management
minimum stay
OTA visibility
M

Summary

AI-generated

Learn how to strategically price short-term rentals to capture last-minute bookings without sacrificing revenue. Discover how to analyze market demand, set effective minimum rates, and optimize OTA settings to fill calendar gaps.

Key insights

  • Setting a year-round minimum price agreed upon with owners provides flexibility and avoids constant negotiation, ensuring revenue management strategies can be implemented effectively without owner pushback.

Mistakes to avoid

  • Setting minimum prices based solely on 'feelings' or anecdotal evidence from owners can lead to missed booking opportunities or owner dissatisfaction when actual booking rates are lower than expected.

Tools & resources

  • Bestie AItool

    Bestie AI is a tool that can automate guest messaging for adjacent open nights, offering discounts to encourage bookings around existing reservations.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial