Archery has a rich history that spans thousands of years, evolving from a vital tool for hunting and warfare to a competitive and prestigious Olympic sport. The objective is straightforward yet challenging: achieve the highest score by hitting as close to the bullseye as possible.
As a property manager or host, your main goal is accumulating maximum revenue by consistently applying advanced revenue management techniques. This requires precision, target, and performance measurement, much like aiming in archery.
Beyond’s Revenue Goals helps you measure property performance against your business goals, making it easier to hit your targets.
Your anchor points: Precision and Targets
Just as archers aim to hit precise targets, Revenue Goals is designed to help property managers and hosts set precise revenue targets for individual listings. It allows you to track how well each property performs relative to these targets to maximize your revenue goals with each shot.
Beyond’s Revenue Goals feature helps you measure property performance against your business objectives, making it easier to hit your targets consistently. To set it up, we analyze the listing's previous history and provide you with the results from the last two years. This ensures you have all the information needed to set your target. Additionally, there is a text field where you can leave notes or reminders for your team.
Set your revenue goals and hit the bullseye
How well are you hitting your targets? By monitoring revenue performance against set goals, property managers and hosts can assess whether their pricing, distribution, and other revenue strategies are effective.
The nocking point: manage proactively
Archers constantly refinet their technique, stance, and focus to improve their accuracy in fixing the nocking point. Similarly, when listings fall short or exceed expectations, property managers and hosts should proactively adjust their pricing strategies. This includes analyzing trends, reviewing the pricing strategies, managing the distribution channels, and fine-tuning overall revenue management tactics. If bookings decrease or revenue doesn’t meet expectations, each listing will need some adjustments to enhance future performance.
Gain confidence in setting your goals
Revenue Goals keep you in control of owner expectations by allowing you to review listing-level performance against a specific target, set by you or your owners. You have been training rigorously, building confidence, and adjusting your revenue management techniques to adapt to low seasons, high competition, and uncertain periods.
From regular pricing and distribution updates to owner conversations – Beyond is here to help you gain confidence and peace of mind with your revenue management strategy.
Set your listing revenue goals today and sign up to try the Revenue Goals feature.
