Hotels and airlines have been automating yield management for years, charging more when demand is high and supply is low, or less when demand is low and supply is high. Now, your property management software can streamline yield management strategies for your vacation rentals, too.
Our powerful rate adjustment tools help you build new pricing structures to maximize revenue as business conditions change. It’s easy to increase or decrease rates by a set number of dollars, adjust by a specific percent, or even change the base rate to a specific dollar amount. And, when you change rates in your property management software, rates across all of your integrated distribution channels automatically update, as well. Very smooth!
Our property managers have used advanced rate tools to increase rates during popular local events or holidays and decrease rates to incentivize last-minute bookings.
Yield management also helps you build a long-term pricing strategy to adjust to seasonal or annual demand.
Want to increase rates for all of your properties with a swimming pool for the summer season? Simply search for all properties with a pool, then make the adjustment. You can even save groups of properties to make adjusting rates easier in the future. Need to decrease rates throughout your low season? Select all of your properties and adjust the rate for bookings where check-in falls between two dates. As always, your rates will be adjusted for your listings across all of your integrated distribution channels.
Sophisticated rate plans make revenue management strategies easy. Here are a few other ways you can adjust your rates to maximize occupancy: