Hostaway + PriceLabs - 10 impactful pricing strategies to implement in 2021 | PriceLabs
Summary
AI-generatedThis webinar explores 10 impactful pricing strategies for short-term rental hosts in 2021, focusing on dynamic pricing, longer stays, and adapting to market shifts. Hosts will learn how to optimize revenue by adjusting rates for weekends, holidays, and last-minute bookings, while also considering competitor pricing and cancellation policies.
Key insights
Demand for longer stays has increased significantly as people working remotely seek extended stays, and those who previously couldn't travel due to restrictions are now looking for longer trips to compensate.
Mistakes to avoid
Leaving rates low for high season bookings that are made far in advance can lead to lost revenue, as demand may surge later, and properties might be booked at suboptimal prices.
Tools & resources
Hostawayplatform
Hostaway offers a property management system and channel manager, with features like automated reviews and financial reporting, and provides 24/7 support.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial