How often are you updating your prices? The more the better.
This PhocusWire article on increasing revenue for property managers who invest in dynamic pricing confirms the correlation between the frequency of rate updates and the increase in overall billing. Property managers who update their rates daily see a 51% increase in revenue, compared to -10% for those who update their rates annually.
At this time less than half of property managers use a dynamic pricing strategy.
Having a sophisticated revenue management strategy will have a positive impact on your bottom line. At Check-in Portugal we see exceptional results in the properties we manage.
Curious about how you can benefit from a dynamic pricing strategy, data and market trends to increase your revenue and scale your business?
Contact us to find out more...