coronavirus

It was recently announced that the UK has approved the COVID-19 vaccine. With vaccine availability starting as early as next week in Britain, short term rental owners and managers should prepare for a shift in consumer confidence regarding the future of travel.

New considerations for ski market travel will likely have an impact on booking pace throughout the winter, and will be important for property managers to consider when maintaining their revenue management strategy. Let's dive in.

Our revenue management and data science teams have continued to monitor the pandemic’s impact on supply and demand. Unfortunately, there is a recent uptick in Covid cases in Europe, so we are reinstating the COVID-19 Discount for all of Western Europe from today until at least 15 November 2020.

We believe historical data is just one component to consider when setting your prices. The more important data comes from forward-looking occupancy, also known as demand. Airlines still use an antiquated approach to revenue management, and here's what we've learned from them during the pandemic.

Starting on 1st of September, Airbnb will deduct 15% from the host payout rather than charging the guest a service fee. This change could have a significant impact on the revenue hosts will receive, so we highly recommend reviewing your rates in Beyond Pricing with the new fee structure.

In order to capture those last minute bookings, and keep your calendar full in these uncertain times, we suggest using these three tools: last minute discounts, last minute minimum stays, and gap fills.

PMs often find themselves with the daunting task of pricing an entire year without the benefit of knowing how trends will play out; how events will change; or how prices will resonate. We understand this challenge and offer Rolling Calendars to help PMs stay ahead.

Communicating with owners is one of the most crucial aspects of short term rental property management. Here we'll cover three tips for turning your owner conversations into one of the best parts of your week!

Are we still getting the same type of bookings we got last year as we rush to fill vacant homes and condos? We’ve previously touched on the impact of Covid on average daily rates (ADRs), but now we'll take a look at the impact across a diverse portfolio of bedroom sizes and markets.

As we all know, the impact of COVID-19 has led to the cancellation and postponement of many events around the world. With so many events moving to new dates, how will this impact pricing strategies in their surrounding markets?

We're taking a deep dive into the UK's short term rental performance. Read further to explore how the United Kingdom’s short term rental industry is performing mid-COVID and to understand the unique position its property managers are in.

We've boiled down some key conversation topics to cover with your property owners in order to set realistic expectations for property pricing and results in the new normal. In a nutshell: use data to tell your story.

Dynamic pricing is more important now than ever to stay competitive in a quickly changing landscape. We believe spending dedicated time focused on pricing will be critical in the recovery process and that you should be ready for a flood of short lead time bookings. Read on for further thoughts!

How can property managers leverage rental policies to generate more rental revenue? Here are four key levers to consider in ensuring your cancellation policy is fair, competitive, and is able to attract the sprouting guest demand for vacation rentals.

It is critical, especially in these trying times, that vacation rental property managers implement active revenue management by investing time and resources in using objective data to make pricing decisions for their business. Here are some of our thoughts on these practices.

Last week we identified three key indicators to look out for to know if your market is on its way to recovery from COVID-19. Here we will take a look at a few more.

Here we examine anonymized revenue pacing by markets to give context to how different areas are coping with the challenges related to COVID-19. This will help all of us anticipate the lows & some highs we're seeing, which allows us to make better business planning decisions in these turbulent times.

We have identified several key indicators to look out for to know if your market is on its way to recovery from COVID-19. Here we are introducing and analyzing a few of them.

Since January, we have been monitoring markets impacted by COVID-19 and have focused on several key indicators to identify important trends ahead of time. Here's a look into how we have been monitoring markets as well as the indicators to look out for when your own market starts to recover.

Another key metric that has shifted dramatically is booking lead times, and larger cities have seen the greatest deviation by far. We took a look at the data and focused on the median booking lead time for reservations before and after March 14 in the largest cities in the US and around the world.

We’ve examined some of the cancellation trends we've seen as a result of travel bans, but what about the bookings that are still coming in? What can the data tell us about those?