Vacation Rental Rate & Stay Restriction Strategy
Rate and stay Restrictions form the foundation of revenue management. When it comes to speed of implementation and magnitude of impact … rate and stay restrictions are an unmatched lever to increase revenue.
Overview
Rates and stay restrictions are usually the first thing people associate with revenue management and for good reason. Not only does it drive revenue, it drives revenue fast.
But driving those fast results are hard. There’s so many components to consider: rates, rates on different channels, promo codes, discounts, slash-through pricing, minimum length of stays, and closing arrival and departure. Rates and availability gets exponentially difficult as they interact with paid advertising, email marketing, channel distribution, branding, budgets, and growth. So how can a business know they’re getting it right?
That’s where RevPARTY can help!
Thought Leadership
Occupancy Based Pricing
To charge or not to charge by the head? That is the question. And we’ve got answers.
Minimum Length of Stay or Minimum Revenue
Minimum length of stays are a great tactic to increase revenue, but its also a great way to leave money on the table.