SPA Pricing Education, Analytics & Decision Making Tools Webinar Series

Tag: Airbnb

Research: Hotels hold pricing power amid Airbnb growth | Revenue Hub

Research: Hotels hold pricing power amid Airbnb growth | Revenue Hub

New research from STR shows hotels in 13 markets across the globe have largely maintained compression nights and rate growth even as Airbnb supply has jumped significantly. Airbnb is already one of the largest players in the world of lodgings, and the company has enjoyed a period of exponential growth, but the hotel industry has […]

How Online Prices Depend on Supply | MediaVidi

How Online Prices Depend on Supply | MediaVidi

How Supply Affects Similar Services AirBnB and Uber are classic examples of supply affecting price. Both services allow you to share one of your most valuable assets with strangers for a price. But one service increases prices while the other lowers prices. #AirBnB and #Uber are two sides of the same coin! One drives prices […]

Airbnb makes it harder for hotels to price-gouge customers during compression nights | Quartz

Airbnb makes it harder for hotels to price-gouge customers during compression nights | Quartz

Hotels have worried about Airbnb’s impact on their sold-out nights before. In July 2015, Pebblebrook Hotel Trust CEO Jon Bortz admitted during an earnings call that Airbnb was limiting what the company could charge for rooms during “leisure-driven” conventions and events. “If you look at business around marathons as an example, where we used to […]

Airbnb gives pricing tips to users, expects revenue boost | CNBC

Airbnb gives pricing tips to users, expects revenue boost | CNBC

Silicon Valley’s second-highest-valued start-up — Airbnb — is rolling out dynamic pricing tips known as smart pricing for all hosts on its platform this week. Hosts that enable the system boost revenue by 13 percent on average, according to Joe Zadeh, vice president of product at Airbnb. … Smart pricing offers recommendations to hosts based […]

Abhijnan Rej & Prashant Kumar: Banning surge pricing is bad economics | Business Standard

Abhijnan Rej & Prashant Kumar: Banning surge pricing is bad economics | Business Standard

There is very little economic thinking to back Kejriwal’s activism. The first thing to understand about surge pricing – dynamic pricing being the more technically correct term-of-art – is that it is based on sound economic theory. The basic idea is this: app-based services match demand (“riders”) with supply (“taxis”). Both are variables, depending on […]

One thing the sharing economy won’t share: Transparent pricing | The Washington Post

One thing the sharing economy won’t share: Transparent pricing | The Washington Post

Curtis says these price quotes amount to “false advertising,” not unlike a mandatory resort fee imposed on a hotel room after the booking process has already started. Airbnb quotes a low, per-day rate when you search for properties. For example, four nights in an apartment in San Antonio were listed at a low rate of […]

Airbnb price variation compared to hotels in Australia | news.com.au

Airbnb price variation compared to hotels in Australia | news.com.au

THE MARKET DECIDES A search by news.com.au for a long weekend in April in Bondi Beach found prices started at just $35 per night on Airbnb compared to $69 per night sourced through a standard booking website. But for that rock bottom price, travellers would have to spend the night with 11 strangers in a […]

Pricer’s Points: Pricing Analytics in the Internet Age | Bhooshan Wabgaonkar

Pricer’s Points: Pricing Analytics in the Internet Age | Bhooshan Wabgaonkar

The spread of Pricing Analytics has enabled wider adoption of advanced pricing models, tools and techniques. These models are not new but they are being adopted more widely and being used for competitive advantage. We will discuss a few such models and tools below: Automated Pricing: When the online store carries over a million ebooks […]

Hate Surge Pricing? Here’s How It Actually Benefits You | Knowledge@Wharton

Hate Surge Pricing? Here’s How It Actually Benefits You | Knowledge@Wharton

Uber, Lyft and Airbnb are popular examples of businesses that are part of the new, techno-driven sharing economy that makes participating as simple as a tap on a smartphone. Consumers are drawn to the variety of products, ease of access and conventionally lower pricing offered in a shared-economy platform, while providers get an unconventional way […]

Growth Strategy – Airbnb introduce Uber-style surge pricing model | StartupSmart

Growth Strategy – Airbnb introduce Uber-style surge pricing model | StartupSmart

Airbnb has introduced a new pricing feature that fluctuates with supply and demand, following in the footsteps of the more traditional hotel model and Uber’s price surging system. Announced at the Airbnb Open event over the weekend, the ‘smart pricing’ system will automatically set a renting price for the host based on the supply and […]