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To set a cleaning fee or to not set a cleaning fee? Should I lower my nightly prices - or keep them the same? Why am I getting a lower amount of bookings? What else can I do to bring in more bookings besides adjusting my prices?
With growing supply, regulation changes, “Airbnb bust” paranoia, and changing guest preferences, managing your rental is more challenging today than ever. Even the CEO of Airbnb recently weighed in on what he thinks hosts need to do: "We want prices to move and to be more competitive vis-à-vis hotels— that is really important." Chesky also suggests dynamic pricing solutions and insights, “We’re [currently] giving tools to hosts to compare the prices of their listings to others in their neighborhood—and while we don’t yet have a hotel comparison, we do encourage them to look at rates for hotels in their area just so they have a sense of what travelers are getting on other platforms.”
As a host, you know how important it is to keep your prices competitive. But with so much fluctuation in demand throughout the year, it can be tough to strike the perfect balance between charging enough to maximize profits and enticing guests to book with you.
At Beyond, we understand the challenges that hosts face in the competitive world of vacation rentals. That's why we've developed a suite of tools and services designed to help you maximize your revenue while keeping your prices competitive. From dynamic pricing algorithms that adjust your rates based on current market trends, to personalized support from our team of experts, we've got everything you need to take your vacation rental business to the next level. And because we’re an official integration partner with Airbnb, it’s easier than ever to uncomplicate your pricing strategy with Beyond.
It Starts With Good Data
Imagine being able to identify booking trends and shift patterns before they even begin. That's precisely what we aim to do with our algorithm, thanks to the combination of massive data sources at our disposal. Our approach to data collection means that we can see the big picture on a global scale, while still being able to apply a hyperlocal lens to the unique needs of your business. With first-party and proprietary data at our fingertips, we can identify true demand and ensure that your properties are marketed in the most effective way possible.
Cutting Edge Dynamic Pricing Takes the Guesswork out of Pricing
While some revenue management strategies and tools focus solely on pushing prices higher during peak demand periods, we know that staying competitive all year round is crucial for success. That's why we've developed tools that help you do just that. With Beyond, you can easily adjust your rates to reflect changes in demand, ensuring that you always have a steady stream of bookings coming in.
A Complete Revenue Management System
But Beyond isn't just about pricing. We also offer a range of services designed to improve your bottom line and ensure that you own your market, from advanced market analytics to competitor data to consumer search data. With Beyond, you can spend less time worrying about the details of running your rental and more time doing what you love.
With Beyond, You have an Entire Team of Experts Behind You
One of the biggest benefits of partnering with Beyond is the personalized support you'll receive from our team of experts. Unlike other revenue management solutions, we don't rely solely on algorithms to optimize your pricing and occupancy. Our team of experienced professionals is always on hand to provide guidance on everything from pricing strategy to property management best practices. With Beyond, you'll never feel like you're navigating the complex world of vacation rentals on your own.
If you're looking to take your rental business to the next level and stay competitive in today's market, partnering with Beyond is the smart choice. We offer a suite of tools and services designed to help you maximize revenue, stay competitive, and streamline your day-to-day operations, all while offering the personalized support that hosts like you need to succeed. So what are you waiting for? Sign up for Beyond today and unlock more revenue for your business!
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