PriceLabs Insider Edition #1 | Understand key metrics to measure the success of your rental portfolio.
Hello there!?
PriceLabs is the Dynamic Pricing and revenue management solution of choice for short-term rental managers and hospitality providers.?
We constantly deliver innovation through data-driven strategies.?
Today, we are excited to announce the launch of our newsletter, which aims to provide valuable insights to propel your rental and hospitality business towards success in the future.?
In this newsletter, we explore the key performance metrics that you need to track to measure the success of your property accurately.
Stay tuned for PriceLabs' insights, news, and guides.
Cheers,?
PriceLabs
As a property manager or host of a vacation rental, tracking the right key performance indicators (KPIs) ensure success and growth.
Tracking KPIs can help you:?
? Track the property’s performance
? Make informed decisions
? Quantify business goals
? Identify, understand, and implement industry trends
Pricelabs Portfolio Analytics is a real-time tracking and useful insights dashboard. You can get a quick snapshot of your property’s financial health. You can use our data to make informed decisions while setting up your pricing strategy.?
Daniel V. Rusteen , Airbnb Pro & Expert User, share insights & tips for the success of your vacation rental.
Daniel has been a host on Airbnb for nearly a decade. He’s been using PriceLabs for nearly 8 years, and it’s helped him as a host, revenue consultant, and property manager.?
On Twitter when someone asked ‘What is the best investment you’ve made?’ and the answer was PriceLabs, I thought that’s so true because it costs $20 and you usually make that back on your first booking!”
Featured articles
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Key takeaways:?
?? Understand the term and its definition
?? How to measure and increase your property’s occupancy rate??
?? The myth of 100% occupancy rate
?? Understand the terms associated with a property’s occupancy rate
Key takeaways:
?? What is RevPAR??
?? How to measure RevPAR??
?? RevPAR vs ADR
?? What happens when RevPAR = ADR??
?? Which formula of RevPAR should you use??
?? What is the RevPAR index??
Key takeaways:?
?? What is Dynamic Pricing??
?? How does Dynamic Pricing work??
?? Benefits of a Dynamic Pricing tool
?? How to choose a Dynamic Pricing tool??
?? How to implement a Dynamic Pricing strategy?