Dynamic pricing takes out the tedious guesswork, uncertainty, and stress caused by static pricing. It has the ability to meet demand where it’s at - automatically increasing or decreasing the price of your listing based on historical and real-time data, all done on a daily basis.
The problem with static pricing is that it either leaves a lot of money on the table or vacancies remain too high. Dynamic pricing reacts in real-time to make sure you are maximizing revenue and occupancy.
Our fee structure is dynamic because we want to align our success with yours. You only pay for the dynamic pricing tool when actual bookings are made. If reservations get canceled, you will get your money back via credits in your account.
Additionally, we have zero up-front or onboarding fees. We aren’t trying to make a quick buck. We want to be in long-term partnerships with all of our customers. Again, your success is our success.
A core component of our dynamic pricing model is that we view each individual market on its own merits. We have a revenue management team that hand-launches each market we are in, and they proactively manage the pricing algorithm in that market based on changes in supply and demand. Other dynamic pricing models out there take a one-size-fits-all approach and don't take into consideration the nuances and unique situations of each market. We leverage data from 340,000 listings in 7,500 cities around the globe that helps us refine our dynamic pricing algorithm to be more accurate and effective.
We are constantly adding new markets around the world. If we aren’t currently in your location, we’d love to learn about your market and see if there’s a potential fit! Please reach out to one of our team members to get the conversation started.