Price Optimisation with Beyond Pricing

 

Price optimisation By Beyond Pricing
  • What is Beyond Pricing?

Founded by revenue management veterans from the airline and hospitality industries, Beyond Pricing is the world’s leading revenue management software for holiday rental owners and managers. They provide the only solution offering dynamic pricing through hyper-local analytics to maximise revenue growth. Beyond Pricing is integrated with all the major OTAs.

  • How do they calculate price recommendations?

To determine your daily rates, they analyse over a billion data points a day, looking at factors that influence demand in your market including Seasonality, Day of the Week and Local Events. All rates fluctuate around the Base Price you set for your listing in Beyond Pricing. After their algorithm creates a competitive daily rate for up to 12 months into the future, they then push their price recommendations directly to SuperControl and OTAs.

  • Who uses Beyond Pricing?

Beyond Pricing started as a property management solution in the San Francisco region, but soon found that a dynamic pricing tool for the holiday rental industry simply didn’t exist. For that reason, they launched the first integration to update rates daily onto Airbnb. Since then, they’ve grown to over 7,000 markets worldwide, pricing over 250,000 listings. Beyond Pricing is used by all types of holiday rental owners, from individuals managing one property through to large letting agencies managing hundreds.

Beyond Pricing can now price every short term rental in the United Kingdom and Ireland! From the lighthouses in Plymouth to the distilleries in Inverness to the hills of Galway, Beyond Pricing’s revenue management solutions stand ready. 

UK and Ireland are the first major countries with complete pricing coverage! With Beyond Pricing’s access to a meaningful volume of market data as well as a keen understanding of local events and trends, you can be sure your prices will be the most responsive and optimised.

  • What is revenue management and dynamic pricing? Why do holiday rentals need it?

Revenue management is all about setting the right price for your holiday rental. The practice of revenue management started with the airlines, then was adopted by hotels, and came to holiday rentals with the launch of Beyond Pricing in 2014. Dynamic pricing is the practice of varying your prices based on changes in supply and demand. Beyond Pricing’s pricing suggestions are designed to help you get booked at the best price at the best point in time. If you’re not using sophisticated revenue management and dynamic pricing software like Beyond Pricing for your holiday rental, you’re leaving money on the table.

Watch the Beyond Pricing webinar as they guide us through the best practice of using a price optimisation tool.

  • How do I access Beyond Pricing?

Beyond Pricing is just one of the strategic advantages we offer. Learn about this and other comprehensive tools and integrations we have developed to save you time, make you money and increase your operational control.

Book a Discovery Call with our Beyond Pricing specialist