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Our Yield Management for holiday rentals decreases the prices gradually as the property approaches the arrival date.
We have completely automated this process in our property management software, to save you significant time and resources when managing your holiday lets.
Yield Management for Holiday Rentals is a strategy for increasing business revenue.
The goal is to attract the highest income possible for holiday rental properties.
It encourages guests to make bookings of empty properties for the most profitable price.
It does this by making adjustments to make the property appear more attractive.
The timing and type of adjustment depends on a number of situations, including availability and demand of properties in the area at that time.
If your strategy for higher revenue is to increase occupancy of unoccupied properties during periods closer to arrival dates, then this tool offers one method to achieve this.
The Bookster Yield Management tool automatically reduces prices in small increments each day on unoccupied properties as the arrival dates approach.
You set the amount of reduction and the time before the arrival date that the reduction starts to apply.
As with all Bookster features and new developments, the goal is to provide an easy-to-use tool which automates the process of attracting new clients.
This tool is part of our property management system for holiday apartments and homes, there is no need to pay any additional fees to other companies.
We also offer Minimum Price per Booking as another automated tool to help with increasing revenue, whilst reducing the workload required to manage your properties.
This offers the following benefits:
This tool is included as standard in our Holiday Rental Property Management packages and can be accessed within the Rates area.
This tool was created in response to our customer feedback. For a look at our latest customer research, please see our Customer Feedback 2018.
For more information on this feature, please don’t hesitate to get in touch.