This is where dynamic pricing tools like Wheelhouse (our tool), PriceLabs and Beyond Pricing come in. Trying to stay on top of this yourself will always feel like you’re one step behind. Moreover, prices can crash – or skyrocket – at any point.
The problem is that rental markets are fluid and volatile. Many hosts have realized you can maximize your income potential by changing your rental prices to hit the sweet spot where demand meets availability.
Whether you are managing a rental property portfolio or a spare room, as soon as you list properties online, you are not only a property manager, you are a revenue manager.Īnd, thanks to software, it’s as easy today to have a sophisticated revenue strategy, with dynamic pricing customized completely around your unique market & property, as it is to set the same price every night.Īnd, since dynamic pricing can increase your revenue by more than 20%, it’s never been a better time to leverage data-driven pricing tools to drive your rental business forward. “As entrepreneurs and small businesses around the world continue to adopt the tools in Beyond’s revenue management platform, they will undoubtedly see their businesses grow,” she added.A complete comparison of Wheelhouse vs. Beyond’s focus on creating and innovating valuable tools that are supported by excellent customer service is setting them apart from the rest of the pack. “The short-term rental space is thriving right now. When we evaluated Beyond as an investment, we felt that the company was on the right track. Talia Goldberg, partner at Bessemer Venture Partners, said: “We’re really excited about this change. And, with investment into the short-term rental industry flowing in–further strengthened by Airbnb’s IPO, the market has fundamentally and permanently expanded, positioning short-term rentals as a formidable force in travel. Over the last five years, it has grown significantly compared with other sectors of the travel industry. The short-term rental market has experienced significant growth, currently at $100 billion annually, and growing. It’s exciting to see this next step in the evolution of Beyond and how it has continually met changing market and consumer demands through its platform and market guidance,” she added.
“As this industry has grown rapidly, Beyond has enabled us to meet and exceed the expectations of our clients. In fact, we’ve achieved a 15 per cent increase in revenue. Nicki Blankenship, revenue manager at Southern Vacation Rentals, said: “Beyond has been our trusted partner for many years, empowering us to be proactive with our rates, rather than reactive. It supports more than 340,000 listings in more than 7,500 cities worldwide and has enabled billions in global booking volume. Today, “thousands” of property owners and managers are using Beyond to help them get, grow, and keep revenue. With its introduction of dynamic pricing, the company recognised that its customers’ needs went beyond pricing-they needed insights and analytics, distribution and demand capture-the essential tools to keep up with the speed of today’s business.Īccording to Beyond, short-term rental owners and managers need “sophisticated technological tools” and systems that enable them to compete not only with the Airbnb down the street but also with the global hotel brands.
#Beyond pricing software#
Missing was a data-driven approach to pricing short-term rentals and software to assist with decision-making that had long been standard for hotels and airlines. “Our entire team at Beyond is focused on providing technology, products, and service that deliver outcomes, results, and value for every short-term rental business, large or small,” she added.īeyond was founded in 2013 to help short-term rental owners and managers unlock the value of their properties, as the industry’s pricing model at that time was static and antiquated.
We’re thrilled to be on this journey with our customers, and we understand that while the growth in the vacation rental industry is exciting, it presents complex challenges for owners and managers. US: Beyond Pricing has announced that it has changed its name to Beyond, reflecting the fact that it now offers more than a dynamic pricing tool.īeyond’s mission is to deliver a best-in-class revenue management solution for short-term rental owners and managers as it offers the tools they need to get, grow and keep revenue.īeyond CEO Julie Brinkman said: “Our new brand represents an unrelenting drive and dedication to our customers, as well as our evolution into a multi-solution revenue management platform.
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