SPA Pricing Education, Analytics & Decision Making Tools Webinar Series

Tag: Airbnb

Weekend Project: Real World AirBnB Data Science and Pricing Bot | Berlin Buzzwords

Weekend Project: Real World AirBnB Data Science and Pricing Bot | Berlin Buzzwords

This tutorial is motivated by the speaker’s own experience–he has a spare apartment and a guest apartment in the Logan Square neighborhood of Chicago that he began renting on Airbnb.  Trapped indoors throughout the savage Chicago winter, he spent his time building a bot that seeks to optimize the listing price and apartment description for […]

Why the Airbnb Calculator Sets Prices of Airbnb Listings Too Low | Get Paid For Your Pad

Why the Airbnb Calculator Sets Prices of Airbnb Listings Too Low | Get Paid For Your Pad

Airbnb released a new tool to help their hosts improve their listings: the Airbnb calculator. Pricing is by far the most complicated aspect of Airbnb hosting. How do you know what the optimal price is? Ideally, you want to set prices high when demand is high (in the high season, during special events for example) […]

Honing its dynamic pricing formula, Vacasa wants to make homeowners more cash than Airbnb | TechCrunch

Honing its dynamic pricing formula, Vacasa wants to make homeowners more cash than Airbnb | TechCrunch

Vacasa takes a lot of pride in its pricing algorithm, which it touts as far more dynamic than the pricing schemes used by other vacation rental sites. Initially developed in 2010 by Vacasa chief analytics officer Scott Breon, the company’s revamped Yield Management 2.0 system aims to make homeowners more than comparable systems, leveraging machine […]

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 […]