This is Anurag from the PriceLabs team with an exciting announcement about something big:
We built a “Min Stay recommendation engine”! 🤯
The FIRST EVER in our the industry!
Read below or Register for a free webinar to learn about how this works.
Some back story, before we dive into the latest update.
We introduced our dynamic Min Stay customization in 2017, and it was an instant hit! ⚡ Minimum stay restrictions are a powerful way to improve your revenue and also reduce operational costs. See this customer story to see how Nord Collections decreased their operational cost.
Then, over the years, we gave you data via Market Dashboards (2020) or Portfolio Analytics (2021) to understand what the minimum stay restrictions should be for your property.
However, drawing insights from those graphs is not always easy (well, except for our star 💪data science team).
Our vision has always been to provide you with as much intelligence 🧠 as possible (along with human control), so we embarked on a journey to improve Min Stay customization.
Earlier this year, we made the Min Stay customization flexible and added major updates (Mar 2022 product updates).
Next we have ventured into adding “intelligence”.
With all the market length of stay trend data we have, our data science team came up with Min Stay recommendations are designed to maximize your revenue. 💰💰
But there are operational reasons that you should consider too! To adapt to your unique strategy and requirements, we have made these recommendations editable so that you can use it exactly as you’d like!
☑️Understand when you might benefit from having lower or higher min stay
Put your listings on autopilot by using our Min Stay Recommendations and review them just once every month. Since trends in the market might not change drastically, we update this every couple of weeks.
The work here is not done! We are just getting started, so we welcome your feedback!
📚Other key changes