LuxBNB Shares How Beyond Helped Revolutionize Its Vacation Rental Business
Ashish Jindal is the CEO of LuxBNB, a vacation rental company based in Dubai. As a full-service vacation rental management company, Ashish and his team seek to deliver remarkable services to both the owners of the rental properties and the tourists in Dubai who are enjoying said properties.
"Before Beyond, I was using another dynamic pricing tool, and I was not happy with it. They had a basic approach to the whole process, and we needed more advanced systems."
“Since the government approved short-term rentals (STRs) in 2012, the industry is new and evolving in Dubai. It’s a great industry to work in,” said Ashish.
"It’s a joint effort between myself and Beyond."
Like most growing property management businesses, LuxBNB needed a way to automate and streamline revenue management so that they could maximize profits. Ashish first tried another dynamic pricing partner before coming to Beyond. “Before Beyond, I was using another dynamic pricing tool, and I was not happy with it. They had a basic approach to the whole process, and we needed more advanced systems,” said Ashish. “When we started with Beyond, we found that the platform fulfilled that need with its innovative systems and regularly refreshed market data.”
The onboarding process was simple, and Ashish was able to learn how to use the platform in no time. “Beyond is a convenient system, extremely adaptable. It’s not an uphill task to learn, and it’s easy to learn the whole system. After a couple of meetings, I was able to play around with the Beyond platform and learn very quickly,” he said.
Ashish especially appreciates the support he receives from his monthly meetings with the Beyond team. “With Beyond, we appreciate the support and follow-up. On a monthly basis, we have a listing review with our Success Manager, and they are constantly looking at how to help us generate more revenue,” said Ashish.
The Beyond team even helped him to identify a booking trend in his market that has since helped him to further maximize profits: “Beyond helped us identify that most of our bookings have short lead times, around three days. So we’ve been able to adjust our strategy for that and not rely on so many last-minute discounts – a strategy we used to rely heavily on. This is the best strategy I’ve used, and it’s all relying on the booking trends data and insights from Beyond.”
Ashish also uses data and insights from Beyond to strengthen the relationship with his owners. “With the booking trends from Beyond, it’s great info to share with our clients and now they are satisfied that we’re getting them the most profit possible,” said Ashish.
Overall, Ashish feels a true partnership with Beyond. “It’s a joint effort between myself and Beyond”, he said. “In the end, you need to apply your own experience, know your market conditions, and combine that with your dynamic pricing tool.”
.png){kind=small}
.png){kind=small}
