Vacation rental property managers have a lot on their plate. From dealing with property owners, guests, and contractors, to keeping everything else in order, it sometimes feels like they're jugglers with several balls in the air at the same time. Being able to handle all of these responsibilities, and doing so efficiently, is vital for a successful business.
Having a reliable and intuitive property management software like Streamline, for example, makes managing a vacation rental property portfolio that much easier. And when paired with Beyond’s dynamic pricing tool, it not only makes that portfolio much more profitable, it frees up valuable time.
We ran the numbers, and Streamline users who incorporate Beyond in their pricing strategy consistently make more money than Streamline users who manually set their prices.
East Coast Sees Great Returns
Source: Beyond Data
Beyond users on the East Coast, for example, were able to catch the rebound from the pandemic much better than non-Beyond Streamline users, generating 12 percent higher revenue.
West Coast and US-Interior See Even Greater Returns
Source: Beyond Data
Over on the West Coast, Beyond users pushed for higher rates and profitable bookings—and got them—with ADRs that were much higher than the competition. These property managers were less likely to panic-convert to longer bookings, so while the number of nights filled was lower, their total revenue was up by 25 percent!
Source: Beyond DataBetween the coasts in America’s heartland, listings priced with Beyond have earned 22% higher revenue. Beyond’s pricing algorithm matches hyperlocal demand and updates daily, enabling property managers with the data driven tools they need to meet rapidly evolving market conditions.
To learn more about how Beyond and Streamline can "streamline" your operations and make you more money, schedule some time to talk with us HERE.
