Vacation rental News
Avantio collaboration with PriceLabs
For clients interested in maximising the revenue from their property portfolio, Avantio presents the collaboration with Pricelabs, a dedicated Revenue Management tool. This connection has been developed entirely with our clients in mind, to help holiday rental agencies grow their business profitably using features with automation.
What is Revenue Management for holiday rental agencies?
Revenue Management is a process which allows agencies to dynamically manage the pricing and minimum stay duration of property reservations through automated rules. This is achieved by continually scanning the market for supply and demand trends. This data, for both the past and the future is collated and then compared in correlation with reservation gaps in the agency’s calendar to find the best price and length of stay opportunity.
The benefit to agencies
- Significant time saved managing price alterations.
- Less resources required to analyse external data.
- Increased revenue through optimized prices depending on a variety of external factors.
- Optimizing orphan days in the calendar.
There are number of aspects that will affect the price and length of stay recommended. These include:
- The seasons.
- Local events.
- Local and international holidays.
- Period of time until the reservation.
Eg. If you have two long reservations in the calendar, with a 2 day gap between them, a lower price with a two day minimum stay can help fill that gap and increase revenue.
Although this process in entirely automated through your software, you will maintain full control over the entire pricing process as price and stay duration recommendations can be overridden by the agency.
PriceLabs has an excellent reputation in the short-term letting industry, with innovative and easy to use revenue management solutions. Their goal is easily provide agencies with the best rate possible for every night.
For more information and more details on how to activate this revenue management feature in your account, please don’t hesitate to contact your Account Manager.
If you want to know more about this, visit our support page.
Avantio Holiday Rental Software
Stay updated on the latest Avantio Holiday Rental Software upgrades and emerging technology trends for professional holiday rental agencies.
Meet our New Partner Breezeway! Interview with CEO Jeremy Gall
There are so many variables to consider in property management – unique properties, unpredictable scheduling, multiple locations, and frequent service requests – short-term...
How to Reach the High Standards of a Demanding Tourist
We know that PMs nowadays face the challenge of a tourist profile that is very demanding, that seeks personalized experiences on their travel...
We are Thrilled to Welcome Key Data Dashboard as a Preferred Partner!
Key Data is the leading provider of real-time data for the alternative accommodations sector. We are excited to interview their CEO Jason Sprenckle.
We are Thrilled to Announce our New Partnership With Doinn
Since vacation rental became a popular option within the tourism sector, standing out from the competition is key. There are two factors that...
The First Holiday Rental Software With Intelligent Date Search!
The Avantio Web team, has developed the Intelligent Date Search in response to the current travel trends.
The Importance of Having a Powerful Channel Manager
Having a powerful Channel Manager can help you maximize your time, increase revenue and analyze data so you can make the right decisions.
Digital keys for holiday letting properties
Synchronize the reservation processes with the allocation and management of digital keys. Automate these processes from your VRMS account. We make it possible for Avantio’s clients thanks our collaboration with STAYmyway.
Increase your sales and competitiveness with Guest Area 2.0
The Guest Area is a new feature available for our Avantio customers, which adds more service to the customer through a simple, attractive, dynamic interface with valuable information. The star feature of version 2.0 is the sale of extra services, which will allow you to increase your revenue and simply the guest relation.
Launch of ‘Harmony’ task automation by Avantio
Avantio has launched the first phase of our flexible business automation tools. Whilst the science is complex, the aim is simple; to save our clients up to 70% of the time they spend on business tasks through adapting our vacation rental management system to their needs and working methods.