We have formulated a best practice methodology for managing rental rates and have developed a unique logical rental pricing tool - The Vacation Rental Pricer™.

  • This innovative pricing tool is integrated with the functionality of a global channel management platform and is the only one available in this short term rental market.

  • Property listings are connected to 'select' Online Travel Agency (OTA) sites to generate instant online bookings.

  • We consult rates with clients and define rate plans, manage property data and rate data.

  • When bookings are generated they are sent to the client to manage.

Summary of current rental pricing issues and challenges:

Consumer shift to instant online booking
The global short term rental market is moving towards instant online booking, away from the traditional 'enquiry/response' approach. This brings its own set of issues and challenges particularly for multi property providers when it comes to managing rental rates.

Mass on-boarding data challenges
Current practice for mass on-boarding properties onto OTA sites is a complicated and time consuming process. Once data is uploaded rates then have to be managed in real-time as an on-going requirement for each property.

Rental pricing inconsistencies
There are major shortcomings and inconsistencies in the rental pricing techniques currently used which means optimum rental revenues are not being realised.

Managing rates challenges
When using any OTA site via a channel manager, current practice is for the multi property providers staff to enter all property and rate data and to manage this data in house. Entering initial property data including rates cannot be seen to be a one-off project task, managing the rate data entered is an on-going full time role for trained staff.

Financial exposure
If a rental rate setting error results in a booking being under sold, the property provider is fully accountable for the financial shortfall. They have to be confident that the staff within their organisation are fully trained and in control of setting and managing rates in order for this risk to be avoided.

See Section Current Rental Pricing Issues and Challenges for further details.

The Vacation Rental Pricer™ Innovative Product Features

• Segregates seasonal dates for calendared events and scheduled vacation breaks.

• Differentiates rate types as 'fixed' and 'LOS' Rates.

• Sets fixed rates for events and breaks.

• Applies 'LOS' rates to all dates in between.

• Rate types can be easily switched between 'fixed' and 'LOS'.

• Has inbuilt logic for calculating short stay
(1 – 4 nights) and longer stay (8 to 29 nights) discounts.

• For bulk editing property details and promotions.

• Inbuilt functionality enables rates to be copied across property groups.

• Inflated' rates are entered for:

• Controlling rate adjustments and for managing Promotional Rates.

• For managing Promotional Rates.

See Rental Rate Pricer™ innovative product features for further details.

• Has inbuilt logic for calculating short stay
(1 – 4 nights) and longer stay (8 to 29 nights) discounts.