BLOG TOPICS
Get It Now
December 18, 2024
In this Ask Me Anything (AMA), we sit down with Chad Blankenship, a seasoned revenue manager with 15 years of experience in the vacation rental industry. Chad shares his experience using various revenue management systems, including Beyond, and provides valuable insights into why Beyond stood out for his operations.
Chad Blankenship:
I started using Beyond back in 2013–2014 when I was managing revenue for vacation rentals in Florida's Panhandle. At the time, we oversaw around 1,200 properties. Beyond was a game-changer for us because dynamic pricing was still a new concept. Before that, we relied heavily on manual data entry, which was both time-consuming and prone to errors.
Beyond's algorithms were incredibly accurate for our market. It provided tools for last-minute discounts, future rate increases, and managing restrictions like gap fills. These features made our pricing strategies far more efficient and scalable. When our inventory grew or shifted to a new parent holding company in 2022, we fully transitioned to Beyond because its automation and reliability were unmatched.
Chad Blankenship:
We did explore other options, including Wheelhouse, in mid-2023 because of its promise for highly customizable algorithms. Initially, it seemed promising because we could tweak it to fit our unique needs.
However, that customization came at a cost—both financially and operationally.
Chad Blankenship:
Wheelhouse offered a lot of customization, but it came with significant trade-offs. While it allowed us to adjust algorithms in detail, it required extensive manual intervention. For example, what took us about 10 hours per week to manage in Beyond ballooned to 40 hours per week with Wheelhouse. This was because we couldn’t rely on the algorithms as much and had to constantly override and manipulate the data.
The real challenge was maintaining these customizations over time. If a revenue manager left, untangling their custom settings became a months-long project. In contrast, Beyond’s straightforward algorithms and minimal need for manual overrides made it far more manageable and scalable.
For example, while we saw a 100% increase in time spent on customizations with Wheelhouse, Beyond allowed us to focus on strategy rather than fixing algorithms. That’s a message that resonates with property managers who might not have an enterprise-level revenue manager on staff.
Chad Blankenship:
It really depends on your business model and the expertise of your revenue manager. However, for the majority of property management companies, Beyond is the better choice.
Here’s why:
Chad Blankenship:
Beyond is like having a high-performing autopilot—it lets you focus on broader revenue strategies rather than micromanaging.
Choosing the right RM tool boils down to balancing cost, expertise, and operational needs. For most property managers, Beyond offers the ideal mix of automation and reliability, making it a standout choice in the competitive landscape of revenue management solutions.
Since pioneering dynamic pricing for the short-term rental market in 2013, Beyond has helped thousands of users price millions of listings and generate billions of dollars in revenue. Beyond’s unparalleled access to and analysis of real-time, advanced global short-term rental data powers its ability to unlock, inform, and automate action for every kind of hospitality business.
.png){kind=small}
.png){kind=small}
Mi tincidunt elit, id quisque ligula ac diam, amet. Vel etiam suspendisse morbi eleifend faucibus eget vestibulum felis. Dictum quis montes, sit sit. Tellus aliquam enim urna, etiam. Mauris posuere vulputate arcu amet, vitae nisi, tellus tincidunt. At feugiat sapien varius id.
Eget quis mi enim, leo lacinia pharetra, semper. Eget in volutpat mollis at volutpat lectus velit, sed auctor. Porttitor fames arcu quis fusce augue enim. Quis at habitant diam at. Suscipit tristique risus, at donec. In turpis vel et quam imperdiet. Ipsum molestie aliquet sodales id est ac volutpat.
Elit nisi in eleifend sed nisi. Pulvinar at orci, proin imperdiet commodo consectetur convallis risus. Sed condimentum enim dignissim adipiscing faucibus consequat, urna. Viverra purus et erat auctor aliquam. Risus, volutpat vulputate posuere purus sit congue convallis aliquet. Arcu id augue ut feugiat donec porttitor neque. Mauris, neque ultricies eu vestibulum, bibendum quam lorem id. Dolor lacus, eget nunc lectus in tellus, pharetra, porttitor.
"Ipsum sit mattis nulla quam nulla. Gravida id gravida ac enim mauris id. Non pellentesque congue eget consectetur turpis. Sapien, dictum molestie sem tempor. Diam elit, orci, tincidunt aenean tempus."
Tristique odio senectus nam posuere ornare leo metus, ultricies. Blandit duis ultricies vulputate morbi feugiat cras placerat elit. Aliquam tellus lorem sed ac. Montes, sed mattis pellentesque suscipit accumsan. Cursus viverra aenean magna risus elementum faucibus molestie pellentesque. Arcu ultricies sed mauris vestibulum.
Senectus nam posuere ornare leo metus, ultricies. Blandit duis ultricies vulputate morbi feugiat cras placerat elit. Aliquam tellus lorem sed ac. Montes, sed mattis pellentesque suscipit accumsan. Cursus viverra aenean magna risus elementum faucibus molestie pellentesque. Arcu ultricies sed mauris vestibulum.
Montes, sed mattis pellentesque suscipit accumsan. Cursus viverra aenean magna risus elementum faucibus molestie pellentesque. Arcu ultricies sed mauris vestibulum. Montes, sed mattis pellentesque suscipit accumsan. Cursus viverra aenean magna risus elementum faucibus molestie pellentesque. Arcu ultricies sed mauris vestibulum.
Nunc sed faucibus bibendum feugiat sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
Morbi sed imperdiet in ipsum, adipiscing elit dui lectus. Tellus id scelerisque est ultricies ultricies. Duis est sit sed leo nisl, blandit elit sagittis. Quisque tristique consequat quam sed. Nisl at scelerisque amet nulla purus habitasse.
Nunc sed faucibus bibendum feugiat sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
Morbi sed imperdiet in ipsum, adipiscing elit dui lectus. Tellus id scelerisque est ultricies ultricies. Duis est sit sed leo nisl, blandit elit sagittis. Quisque tristique consequat quam sed. Nisl at scelerisque amet nulla purus habitasse.
Nunc sed faucibus bibendum feugiat sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
Morbi sed imperdiet in ipsum, adipiscing elit dui lectus. Tellus id scelerisque est ultricies ultricies. Duis est sit sed leo nisl, blandit elit sagittis. Quisque tristique consequat quam sed. Nisl at scelerisque amet nulla purus habitasse.
Nunc sed faucibus bibendum feugiat sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
Odio felis sagittis, morbi feugiat tortor vitae feugiat fusce aliquet. Nam elementum urna nisi aliquet erat dolor enim. Ornare id morbi eget ipsum. Aliquam senectus neque ut id eget consectetur dictum. Donec posuere pharetra odio consequat scelerisque et, nunc tortor.
Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
sed interdum. Ipsum egestas condimentum mi massa. In tincidunt pharetra consectetur sed duis facilisis metus. Etiam egestas in nec sed et. Quis lobortis at sit dictum eget nibh tortor commodo cursus.
.png)
.jpg)