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How Lahinch Property Management Grew Profits by 50% & Streamlined Operations

Lahinch Property Management is a holiday rental management firm that oversees a diverse portfolio of over 50 rentals in Lahinch in Ireland. With more than 20 years of experience in property management, they have always strived to provide exceptional service to both property owners and their guests. 

However, maintaining an optimal pricing strategy and streamlined operations across numerous properties was an ongoing challenge. The team especially struggled to keep track of varying events, holidays, and market trends. So, they sought out a better solution to automate their revenue management, including pricing.

The Challenge

Pricing properties individually while considering seasonal fluctuations and special events was consuming a considerable amount of time and resources. Lahinch Property Management struggled to keep up with the dynamic pricing needs, often resorting to overly generous discount policies that undermined their revenue. With no prior experience using revenue management solutions, they were in dire need of a more efficient and accurate pricing strategy. 

The team also wanted to ensure that their chosen revenue management system would integrate with their property management system, Lodgify.

“I was finding it really hard to price our 50+ houses—not only individually, but also keeping track of events, holidays, etc. We knew we needed a better way,” said Julia Middleton, Operations Manager at Lahinch Property Management. “I have been using Lodgify for more than five years, and I love how easy it is to use, so I sought a revenue management solution that integrates easily.”

“I was finding it really hard to price our 50+ houses—not only individually, but also keeping track of events, holidays, etc. We knew we needed a better way.”

The Solution

To address these challenges, the team at Lahinch Property Management turned to Beyond's advanced revenue management system to automate and streamline their operations. Combining Beyond with Lodgify was seamless and hassle-free, allowing them to start leveraging benefits from the two platforms immediately.

Key Features of Beyond:

  • Dynamic Pricing Algorithms: Beyond's sophisticated pricing tools adjust prices in real-time based on demand, seasonality, and local events.
  • User-Friendly Interface: Beyond’s ease of use enabled quick adoption and minimized the learning curve.
  • Expert Support: Dedicated account managers from Beyond, including Portuguese-speaking support, ensured tailored assistance and guidance.
  • Comprehensive Integration: The seamless integration with Lodgify streamlined operations, reducing manual work and errors. 

"Setting up and integrating my Beyond and Lodgify accounts was an absolute breeze. The process was incredibly straightforward, making it effortless to synchronize everything perfectly," said Julia.

Lahinch Property Management

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Automated price adjustments based on real-time market trends, eliminating the need for manual corrections.

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Data-backed reports that help Arrived communicate with current and potential owners.

All Beyond Tools

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Automated price adjustments based on real-time market trends, eliminating the need for manual corrections.

"Choosing Beyond was a no-brainer. Everything about it is super easy and the staff is great! I even get to have meetings in Portuguese, as my account manager is from Portugal."

The Results

The implementation of Beyond's solution yielded impressive results for Lahinch Property Management, transforming their business operations and financial performance.

Achievements

  • 50% Increase in Revenue: By optimizing pricing strategies, Lahinch Property Management saw a substantial boost in revenue!
  • Time Savings: Automating pricing allowed the team to focus on other critical tasks, enhancing overall productivity.
  • Enhanced Market Competitiveness: Real-time price adjustments ensured competitive yet profitable pricing.
  • Seamless Integration: Adding Beyond into their tech stack was simple and quick, enabling the team to harness the combined power of both softwares immediately.

"Choosing Beyond was a no-brainer. Everything about it is super easy and the staff is great! I even get to have meetings in Portuguese, as my account manager is from Portugal," said Julia.

The partnership between Lahinch Property Management and Beyond exemplifies how innovative technology can revolutionize property management. By integrating Beyond's revenue management system with Lodgify, Lahinch Property Management not only solved its pricing challenges, but also achieved remarkable revenue growth and operational efficiency.

Ready to transform your property management operations? Book a demo with Beyond today and discover how you can achieve similar success.

About Beyond

‍Beyond is the #1 revenue management system to help unlock new ways to make money with your vacation rentals. Our solutions have helped our customers increase their annual revenue by up to 40%. Since pioneering dynamic pricing for the short-term rental market in 2013, Beyond has supported over 350,000 properties in more than 15,000 locations worldwide, and our unparalleled access to and analysis of real-time, advanced global short-term rental data powers our ability to unlock, adapt, inform, and automate action for short-term rental managers and owners. Learn more at Beyond.

About Lodgify

Lodgify is the all-in-one vacation rental platform for independent hosts and property managers that provides the essential tools to start, manage, and grow a lodging business. Lodgify simplifies the process of running and marketing a vacation rental by enabling anyone to create a bookable website, synchronize property data and availability across third-party platforms, and manage all guest reservations and communications in one place.

TL;DR

Lahinch Property Management is a holiday rental firm with 20+ years of experience managing 50+ properties along Ireland's west coast — but keeping rates optimized across local events, holidays, and market trends manually was becoming unsustainable as the portfolio grew.

Beyond Pricing gave their team dynamic pricing automation and revenue management tools that eliminated the need for constant manual rate monitoring, freeing staff from repetitive pricing meetings and letting them focus on delivering exceptional guest service.

Result: 50% profit growth and streamlined operations — with the team noting that Beyond effectively replaced the need for a dedicated revenue manager, giving them enterprise-level pricing capability without the overhead.

Table of Contents

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Introduction
The Challenge
The Solution
The Result
TL;DR

Stories Behind the Numbers

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Dynamic Pricing

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Dynamic Pricing

Automated dynamic pricing that helps hosts and property managers earn up to 40% more.