Web based automatic pricing for vacation rental
4.6/5 (20 reviews)Beyond Pricing is a web-based solution that allows vacation rental owners to effectively price their property through an automated dynamic pricing model. Users can link Airbnb, VRBO and Flipkey accounts to Beyond Pricing and manage all the calendars, accounts and other pricing data through an intuitive dashboard.
The product generates algorithms, uses statistics and data analytics on real estate data to derive the best available price for a property. Pricing is also governed by several other factors such as neighborhood, change in local demand due to events, seasonality etc. The solution further generates a health score for each property determined by its booking rate. A very high booking rate signifies that the property is undervalued while a very low booking rate indicates overpricing.
With Beyond Pricing, users can also sync their Airbnb calendar which ensures the competitive pricing of the listing. The solution further recommends that the calendar should not be 100% booked as the demand for all the dates has not peaked yet. Beyond Pricing encrypts the transmission of sensitive data such as credit card information using secure socket layer technology. The company has partnered with various local property managers to manage the place. Some of the key partners are Proprly, HostTonight, MetroButler, Myvrhost, Zens, Iambnb, The Friendly Host and so on.
Pros
I really enjoy the ease of use of the property calendars...I can literally go in and adjust rates on 100+ properties in a matter of minutes, something I wasn’t able to do through my PMS interface.
Before using beyond we relied on our personal knowledge of the pricing in our market/season/best months. The first year we turned on beyond we uncovered that the our season (here in scottsdale) still produced great rates for the month of April.
In the past we would really tone down the rates after March (peak season) but once we turned on and trusted beyond our April came in DOUBLE what it had the previous year...this led to an extra 150k in profit for a company our size. Just from that, beyond paid for itself for years to come!
Cons
The only think I want to see in the future is nothing, I think the software has been perfected.
From top to bottom Beyond Pricing is a first class organization in my experience. Their team is readily available and everyone is hands on and willing to jump on the phone and help you figure out a resolution whenever an issue comes up. Highly recommend to anyone who is not a direct competitor of ours.
Pros
Dynamic pricing is something we've done in house for quite a while but no one could keep up with the accuracy and flexibility of Beyond Pricing. They've helped us to raise the bar on what should be expected from a vacation rental manager in our area.
Cons
There is a lot that goes into it, it's not a simple flip the switch and everything is done. There is a lot to learn especially when it comes to explaining it to property owners but their support team is readily available and does a great job of helping you throughout initiation as well as on a day to day basis.
It's not a set and forget it system either, I do log in and at least glance at rates daily but that might just be who I am and my desire to have control and understanding of everything though.
The main benefit is that I no longer have to constantly change rates for different seasons for over 50 rental properties. Beyond Pricing has done all the legwork and adjusts our pricing on a daily basis based on current supply and demand. This is something we could never do on our own, at least not in such depth.
Pros
This software is very easy to use. It also works extremely well with our vacation rental management software and advertising sites. The support is outstanding and the training is great as well. The options make sense and give us a lot of ways to stay booked in a very competitive environment.
Cons
This is not a huge deal, but each of our properties are listed in duplicate due to advertising on multiple sites, such as vrbo, airbnb, etc. We don't have to make multiple changes though. We can make one change to a property rate and that change will travel to the other listings as well. It can be a tad bit confusing at first, but again, not a huge deal.
So glad you love the product, Dana!
This tool is helping me produce more revenue and be more agile in my marketplace.
Pros
The functionality of the software allows you to use your local expertise to optimize your revenue. The best tool I have found to help me in executing yield management strategies for my properties and homeowners. The team at Beyond Pricing has been very responsive to my needs as well.
Cons
If I have to put something, I would say the cost. I have built in factors to absorb the cost structure but it also is directly correlated to increasing my revenue so it is worth it.
Thank you for the kind words and support!
Overall BP is on point! They have helped our rates and occupancy significantly. We have been a loyal client for over 2 years becuase they are making us so much revenue!!
Pros
The platform is user-friendly and easy to manage. The data and stats are very useful in helping us with our revenue management. Customer service and support is excelent.
Cons
I have not experienced any cons and they have always responded to feedback.
Beyond Pricing charges 1% of booking earnings at the end of the month.
This fee is based on booking revenue per month.
● Beyond Pricing helps users to increase their revenue from vacation rental properties through data-driven automatic pricing generated by applying algorithms, statistics and analytics.
● The solution allows users to link Airbnb or other accounts with Beyond Pricing and further manage pricing recommendations, calendars etc. from a single dashboard.
● To determine the best pricing for users, Beyond Pricing captures the same data that hotels, airlines and other travel industries use to decide the current pricing of their services.
● The solution analyses the health of property listing on the basis of various factors such as neighborhood, local demand and seasonality to determine the best price of the property.
Below are some frequently asked questions for Beyond Pricing.
Beyond Pricing offers the following pricing plans:
Pricing model: Subscription
Free Trial: Available
Beyond Pricing charges 1% of booking earnings at the end of the month.
This fee is based on booking revenue per month.
Beyond Pricing offers the following features:
Beyond Pricing has the following typical customers:
Mid Size Business, Small Business
Beyond Pricing supports the following languages:
English
Beyond Pricing has the following pricing plans:
Subscription
We do not have any information about what devices Beyond Pricing supports
Beyond Pricing integrates with the following applications:
BookingSync, Escapia, Guesty, Hostaway, MyVR, Smoobu, Streamline, Stripe, Uplisting, Vreasy
Beyond Pricing offers the following support options:
FAQs, Forum, Online Support, Phone Support, Video Tutorials
