Do you host short-term vacation rentals on platforms like AirBnB and VRBO? Do you charge the same price for every night’s stay, all year? To maximize your income, you may want to rethink that approach and explore dynamic pricing.
We’re talking with Anurag Verma, co-founder of PriceLabs, which provides a dynamic pricing tool and data solutions for property owners and managers. We go deep into how dynamic pricing works and how it can put more money in your pocket. We discuss how demand factors like seasonality can impact pricing, and how dynamic pricing can reveal if your rates are too high (resulting in low bookings), or if you’re charging way less than the market can bear.
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