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coronavirus

A collection of 31 posts

coronavirus

UK Regulation & Vaccine December Update

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.

Ryan Saylor
coronavirus

COVID Ski Season: A Slippery Slope

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.

Ryan Saylor
coronavirus

COVID-19 Pricing Discount reinstated for Western Europe as cases mount

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.

Jeffrey Breece
coronavirus

What We’ve Learned From Airlines During the Pandemic

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.

Taylor McManus
coronavirus

Upcoming Fee Changes for Airbnb in Greece & Croatia

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.

Jeffrey Breece
coronavirus

Last Minute Bookings: Three Ways to Capture

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.

Julie Brinkman
coronavirus

UK Recovery and Relief: What’s the latest?

With booking pace on the rise for most of the UK, what is the new short-term rental landscape looking like in this recovery period? In this blog, we’ll be sharing the latest data from all over the UK and highlight how markets have changed over the past few months.

Ryan Saylor
coronavirus

Plan Better, Faster and Longer with Rolling Calendars

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.

Jeffrey Breece
coronavirus

Turn Those Owner Conversations Around: Three Tips

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!

Kam Bain
coronavirus

Space vs. Isolation: Recovery is Treating Large and Small Listings Differently

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.

Jeffrey Breece
coronavirus

Postponed Event Pricing

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?

Ryan Saylor
coronavirus

Memorial Day Drama: Flori-Bama

As Florida travel restrictions for vacation rentals have lagged behind hotels, we've seen frustrations erupt and petitions filed. Meanwhile, Alabama Gulf Coast has reaped the benefits of this dispute and rebounded much faster than their neighbors. So, what happened approaching Memorial Day Weekend?

Jeffrey Breece
coronavirus

Betting on Summer Rentals in the UK

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.

Jeffrey Breece
coronavirus

Helping Your Owners Understand Revenue & Occupancy Expectations for the Remainder of 2020

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.

Tess Brown, Jordan Williams
coronavirus

Active Revenue Management in the Recovery Part 2

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!

Kam Bain, Ryan Saylor
coronavirus

Competitive Edge: Optimizing Your Cancellation Policies

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.

Kyle Harris Kyle Harris, Angeline Taylor
coronavirus

Active Revenue Management in the Recovery

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.

Kam Bain
coronavirus

Recovery Key Indicators: Part 2

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.

Kam Bain
coronavirus

What Revenue Pacing Tells Us About the Vacation Rental Recovery

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.

Jeffrey Breece
coronavirus

Recovery Key Indicators: What to Look Out for in Your Market

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.

Kam Bain
coronavirus

Restoring Your Pricing Strategy

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.

Kam Bain
beyond pricing

What's New | March 2020

Our main focus in March was helping our customers navigate the impact of COVID-19 on the vacation rental industry. We released new features, hosted a series of webinars, and shared daily insights and data trends on our Coronavirus Support page. We also welcomed four new members to our team!

Jess Kelso, Marketing
coronavirus

Guests Taking it Day by Day in the Big City

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.

Jeffrey Breece
coronavirus

From the front line: How Casiola is navigating uncertain times

For many property managers, hearing how peers are trying to navigate through the very choppy waters of the coronavirus pandemic can be hugely reassuring. In a live web chat Emily Pattillo, revenue manager at Casiola, shared how she and her company are charting these uncertain times.

Matthew Stammers
coronavirus

How travel restrictions are impacting your ADRs

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?

Jeffrey Breece
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