To set the right price based on changes in demand, applying a dynamic pricing software seems to be the most optimum way. Zeevou, the specialist property management system, announces its integration with Beyond Pricing which is now known as Beyond.
Beyond Pricing is an automated dynamic pricing solution for Airbnb and other vacation rental sites or online travel agencies (OTAs). Its aim is similar to that of other dynamic pricing solutions, which is maximising occupancy and revenue during both high seasons and off-peaks. Since its first integration with Airbnb, Beyond Pricing has set pricing for over 120,000 listings. Data-driven price recommendations of Beyond Pricing is claimed to be similar to the calculation used for the largest hotels and airlines in the world.
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How does Beyond Pricing calculate its price recommendations?
Daily analysis of each individual market based on different factors serves as a basis for price recommendations in Beyond Pricing. The variables involved include the day of the week, seasonality and local events. The recommendations are valid for one year long and become applicable to be pushed to different channels afterwards.
What are the benefits of getting Beyond Pricing integrated to your listing website?
1. A detailed breakdown of every price recommendation
Beyond pricing shows you why the prices are going up or down on any day of the year.
2. A centralised view of a year of pricing recommendations
Seeing the full year of price recommendations provides you the option of syncing the whole year’s recommendations.
3. Automated dynamic pricing
As demand changes, all of the pricing of the properties go under a well-articulated revenue management automatically.
4. Pricing improvement opportunities
Beyond Pricing recommends prices after analysing factors such as neighbourhood, seasonality, local demand and more. By having all the recommendations in one centralised table, you do not lose any of price optimisation opportunities.
How should you set up Beyond Pricing in Zeevou?
- Enable BeyondPricing in Zeevou.
- Sign up for BeyondPricing. Don’t link Airbnb or HomeAway when prompted following sign-up, instead follow step 3.
- Click on this link.
- You need your Zeevou Username and Zeevou API key.
- Go to Zeevou Set -> Pricing Module Integration, and copy your username and API key.
- Return to BeyondPricing, enter your API details, and click on Link Account.
- Finalise the integration.
How much does Beyond Pricing cost?
Beyond Pricing offers a 30-day free trial. It charges 1% of all bookings made during each month. In the case of a booking cancellation, Beyond Pricing returns the money back. Should you want to know more details about the cost of Beyond Pricing, please read the “How Much Does Beyond Pricing Costs” section on the Beyond Website.
If you are cannot decide between dynamic pricing software and Airbnb pricing tools, you should read the Beyond Pricing vs Pricelabs article to get all information you need.