Automating revenue management is no longer an option for short-term rental managers and hosts. It’s a necessity for your business to thrive. Especially during these times of economic uncertainty, utilizing Beyond’s powerful revenue management platform will ensure success and longevity.
But don’t take just our word for it. We have extensive data aggregated from the 340k+ listings that are utilizing our platform. We analyzed close to 100K of those listings to find out just how much our customers’ businesses have grown since signing up with us. After our analysis, one clear message shines through: Not using Beyond is costing you revenue.
Getting, growing, and keeping revenue for your short-term rental business with Beyond is your secret to success.
It’s time to take charge of your revenue management strategy. See for yourself with our calculator. Just input a few other data points, and in seconds you can see how much more revenue you can bring in with Beyond.
Revenue Management with Beyond Grows Your Short-Term Rental Business
Revenue management is critical for short-term rental managers to get right, but at Beyond we believe that it shouldn’t be overly complicated or take up a ton of time. Instead, we created a platform that managers and hosts can rely on to automate their pricing and provide access to relevant, actionable data. Our powerful platform includes expert-level insights, is easy to use, saves time, and helps you stay ahead of your competition. Taking advantage of our platform will reassure you that the revenue side of your business is in good hands, empowering you to focus on the multitude of other intangibles that help build your business, like creating an unforgettable guest experience.
Today, we can now show that our customers can maximize revenue just by using Beyond. Without changing anything else to their business, whether they are new to dynamic pricing or have used another provider, we know that their portfolio grows more and earns more with Beyond’s revenue management platform. Let’s break down some different scenarios based on real data.
Beyond Drives More Vacation Rental Revenue
From Manual to Dynamic Pricing
Based on our analysis of over 50,000 global listings, property managers and hosts that are manually pricing or using a rate manager tool in their property management system (PMS):
- Improve their average daily rates (ADRs) by more than 10%
- Increase occupancy levels by 23%
- Which translates into a 35% increase in revenue per available night (RevPAN)
Let’s take a look at a real-world example: A property manager is using a PMS rate manager with a $2 million portfolio. Even if the number of listings and available nights remain the same, that portfolio will be worth $2.7M in a year. At 1% of gross bookings, the cost of using Beyond is just $27,000, while driving an additional $700,000 gross booking volume (GBV).
The ROI on just the incremental GBV and property manager revenue is incredible here. We can see that just by using Beyond vs a manual or a PMS tool, a property manager or host can expect a 5x return on investment for revenue and a 25x return on GBV.
From Another Dynamic Pricing Tool to Beyond's Dynamic Pricing
The revenue increase doesn't just apply to those who have never used dynamic pricing before. We analyzed more than 20,000 global listings and saw that those who switched their dynamic pricing provider to Beyond saw huge increases to their bottom line. We saw that they:
- Increased their ADR by 5%
- Upped their occupancy levels by 2%
- Grew their RevPAN by 7%
Let’s take a look a real-word example: A property manager is using a third-party dynamic pricing tool with a $2M portfolio across 75 listings. Even if the number of listings and available nights remains the same, that portfolio will be worth $2.14M in one year. At 1% of gross bookings, Beyond is just $21,400, while driving an additional $140,000 GBV to the portfolio.
Beyond Increases Your Vacation Rental Portfolio
The increase in revenue is only the beginning. We also see that property managers and hosts that use Beyond's dynamic pricing are able to grow their portfolio from a bookings standpoint, a listing, and an owner standpoint.
- For hosts and property managers with a portfolio of less than $2.5M: On average, these Beyond users grew their listings by 40%+ annually.
- For hosts and property managers with a portfolio between $2.5M and $7.5M: On average, they grew their listings by 30%+ annually.
- For property managers with a portfolio greater than $7.5M: On average, they grew their listings by over 19%+ annually.
It bears repeating that these growth rates continue past year two with Beyond users. Each year, Beyond customers continue to grow in listings, in GBV, and in revenue - as Beyond's product and team support their success and growth.