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Webinar: Mid-term rental channels and pricing strategies

Last Updated on 4 months by Vinay Sahu
pricing strategies for mid term rental
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We have seen an increased interest from property managers and owners in wanting to make their properties available for mid-term rentals! We’ve also seen increased questions about how to price mid-term rentals.

We hosted a webinar in association with Guesty on August 26th to discuss:

  • What are mid-term stays?
  • Channels and OTAs that are now offering extended stay options
  • Should you even consider mid-term stays
  • Tools to identify if mid-term stays are common in your area (hint: Market Dashboards)
  • Strategies for mid-term rental pricing!

Amiad, CEO of Guesty, spoke about what mid-term stays are and how property managers are thinking about including them in the rental strategy.

Anurag, Co-founder PriceLabs, covered how to think about the tradeoffs and some pricing strategies to adopt.

This page includes the webinar recording and also the PDFs shared during the webinar. You’ll need to scroll down to access the PDFs

Webinar recording

What are mid-term stays and channels supporting mid-term stays (Guesty deck)

Strategies for mid-term pricing (PriceLabs deck)

We hope you’ll find the webinar and the decks useful! If you have questions on how to implement these strategies, please feel free to reach out to our support at support@pricelabs.co

Dynamic pricing in Airbnb refers to the practice of adjusting rental rates in real time based on various factors such as demand, seasonality, local events, and market conditions. This approach allows hosts to optimize their earnings by automatically increasing or decreasing prices to match supply and demand fluctuations. By utilizing data and algorithms, dynamic pricing aims to find the optimal balance between attracting guests and maximizing revenue, ensuring that prices reflect the current market dynamics.
To implement dynamic pricing for vacation rentals, collect relevant data, identify key factors, set pricing rules, use dynamic pricing software, monitor performance, and adjust as needed to optimize revenue.
The aim of dynamic pricing is to optimize revenue and occupancy rates. It is done by adjusting prices in real time based on factors such as demand, market conditions, competition, and other variables. Dynamic pricing softwares seeks to find the optimal balance between attracting guests and maximizing profitability by dynamically setting prices that reflect current market dynamics. The goal is to capture the highest possible value for each booking while ensuring competitiveness in the market.
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