Following the trends in the hotel industry, the yield management has become an important management tool for the Vacation Rental. The every day price management, specifically for large inventories is a complex and time consuming activity. FlatsWire Yield Management module enables managers through general rules for Dynamic pricing to automatize price reductions, promotions, last minutes, early bids…
Dynamic pricing for Vacation Rental
Classically FlatsWire proposes a standard pricing methodology allowing variation of price depending on seasons, duration of stay and number of guests. This feature has been significantly improved with the introduction of Yield Management enabling a dynamic automated management of your listed prices, including:
1. Last minutes discounts,
Example : you may automatically reduce/increase prices by 10% for an arrival within the next 30 days, 15% for an arrival within the next 15 days.
2. Early bids,
Example : you may automatically reduce/increase prices by 5% for people booking at least 3 months in advance and 10% for booking at least 6 months in advance.
Example : you may increase your price for all apartments in a district during an event to come (fashion show, sport or cultural events…).
… and there are more services to come, depending on occupancy rates for example.
If you use another PSP solution than above, please contact us to check if we can support you.