Vacation rental property managers have a lot on their plate. From dealing with property owners, guests, and contractors, to keeping everything else in order, it sometimes feels like they're jugglers with several balls in the air at the same time. Being able to handle all of these responsibilities, and doing so efficiently, is vital for a successful business.

Having a reliable and intuitive property management software like Streamline, for example, makes managing a vacation rental property portfolio that much easier. And when paired with Beyond’s dynamic pricing tool, it not only makes that portfolio much more profitable, it frees up valuable time.

We ran the numbers, and Streamline users who incorporate Beyond in their pricing strategy consistently make more money than Streamline users who manually set their prices.

East Coast Sees Great Returns

Eastern Coastal Markets

Reservation per Listing

Revenue per Listings

# of Nights per Listing

Average ADR

Not enabled Listings

10.2

$12,878

60

$213

Enabled Listings

14.5

$14,365

64

$224

Premium

42%

12%

6%

5%

Check-in date of June - September 2020 for Eastern Coastal Markets, Bedrooms 1,2,3

Source: Beyond Data

Beyond users on the East Coast, for example, were able to catch the rebound from the pandemic much better than non-Beyond Streamline users, generating 12 percent higher revenue.

West Coast and US-Interior See Even Greater Returns

West Coast Markets

Reservation per Listing

Revenue per Listings

# of Nights per Listing

Average ADR

Not enabled Listings

17.9

$31,670

124

$255

Enabled Listings

21.2

$39,739

106

$375

Premium

3.4

25%

-15%

47%

Check-in date in 2020 for West Coast Markets, Bedrooms 2,3,4

Source: Beyond Data

Over on the West Coast, Beyond users pushed for higher rates and profitable bookings—and got them—with ADRs that were much higher than the competition. These property managers were less likely to panic-convert to longer bookings, so while the number of nights filled was lower, their total revenue was up by 25 percent!

US Interior Markets

Reservation per Listing

Revenue per Listings

# of Nights per Listing

Average ADR

Not enabled Listings

18.1

$19,722

66

$298

Enabled Listings

20.2

$24,129

72

$335

Premium

2.1

22%

9%

13%

Check-in date between January - June 2021 for US Rural Markets, All bedrooms

Source: Beyond Data

Between the coasts in America’s heartland, listings priced with Beyond have earned 22% higher revenue. Beyond’s pricing algorithm matches hyperlocal demand and updates daily, enabling property managers with the data driven tools they need to meet rapidly evolving market conditions.

To learn more about how Beyond and Streamline can "streamline" your operations and make you more money, schedule some time to talk with us HERE.