Use Case: Solving the Pricing Problem for Property Managers
Setting appropriate pricing is a recurring challenge for property managers. Seasonal fluctuations, competitor strategies, and variable demand create complexities in determining rates that balance high occupancy with strong profitability. Many property managers rely on time-consuming analysis or intuition, which can lead to suboptimal outcomes.
How Analytics Helps: Use the Recommendations report
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Go to Analytics.
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Select My Listings > Recommendations.
Expert Pricing Suggestions
Analytics provides recommendations based on data from Rentals United, Booking.com and Airbnb. These suggestions are designed to help property managers optimise their strategies effectively without the need for extensive manual research.
Clear Data Visualisation
Easily filter out properties with pricing recommendations. The report presents information in easy-to-read actionable items, helping you understand the recommendations and take action quickly. The recommendations are categorised according to their criticality, helping you focus on more important issues first
Actionable Insights
In addition to pricing suggestions, the tool highlights critical areas for improvement, such as pricing mismatches with market trends or missed opportunities for seasonal adjustments. This ensures you can address issues directly without sifting through irrelevant data.
The Results:
By using the Recommendations report, property managers can confidently set appropriate pricing, reduce time spent on analysis, and achieve better occupancy rates and profitability. It provides a professional, effective solution to a nuanced problem.
Use Case: Leveraging Booking Behaviour Data to Drive Smarter Property Management
Property managers often struggle to anticipate booking trends and adjust their operations accordingly. Without clear insights into when guests book, how long they stay, or cancellation timing, it is difficult to optimise availability, staffing, and pricing. This can lead to either overbooking, empty nights, or lost revenue.
How Analytics Helps: Use the Booking behaviour report
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Go to Elevate.
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Select Overview > Booking behaviour.
Customisable Filters to Better Focus Your Analysis
By refining your data by booking channel, apartment type, and location, you gain targeted insights that help you identify high-performing segments and focus your resources effectively. This precision means your marketing and operational efforts are smarter, not broader.
Booking Timing Insights
Understanding whether guests book early or last minute empowers you to tailor your pricing and availability strategies accordingly. For example, you can introduce early-bird discounts or last-minute deals to maximise bookings and reduce vacancy.
Booking Window, Cancellation, and Length of Stay Analysis
By tracking when bookings are made, cancellations happen, and typical stay lengths, you can anticipate booking trends and adjust policies or promotions proactively. This helps reduce cancellations and improve revenue predictability.
Benchmarking Against Other Property Managers
Comparing your booking patterns with aggregated market data reveals how your listings perform against competitors. This market insights give you additional context, helping you set strategic goals.
The Results:
With targeted insights and meaningful benchmarks, property managers can optimise pricing and availability, reduce cancellations, increase occupancy, and boost revenue - all while making confident, data-driven decisions without guessing.