If you are thinking of monetising your property as a holiday rental, there is one key factor you need to consider: dynamic pricing. At Banus Rentals, we have perfected this technique to ensure that every property reaches its maximum earning potential, and we want to share with you how we do it and why it is one of our key strengths.
What is dynamic pricing?
A dynamic pricing policy involves adjusting the rental price of a property based on an ongoing analysis of various factors, such as competition, market demand, occupancy trends, and more. Unlike a fixed price, this strategy allows us to maximise both the occupancy and profitability of each property.
At Banus Rentals, we combine human analysis with artificial intelligence to ensure that every pricing decision is backed by robust and current data. Our team of experts review competitor pricing on a daily basis, while our AI-based revenue management software analyses hundreds of price and occupancy data. All this translates into competitive prices that ensure a perfect balance between occupancy and profitability.
Why Banus Rentals?
If you are evaluating different options to manage the holiday rental of your property, here are some of the reasons why Banus Rentals stands out:
More than 55% of direct bookings on our website: Thanks to our optimised platform, more than half of the bookings are made directly on our website, which reduces commissions and increases net income for owners.
Presence on more than 30 platforms: Our hotel software allows us to market properties on more than 30 different platforms, ensuring wide visibility and a high level of occupancy.
Dynamic pricing strategy: As mentioned above, this is one of our biggest advantages. We adapt prices to market conditions in real time, thus guaranteeing the best possible rate for each night.
Get a customised profitability exercise
If you would like to find out how you could increase the profitability of your property using our dynamic pricing strategy, we invite you to get in touch with us. We will be happy to conduct a customised analysis for you.
For more details, we invite you to watch the video where Jesús García, CEO of Banus Rentals, explains in detail how our dynamic pricing policy works and how it can benefit you.
With Banus Rentals, you can rest assured that your property will be in the hands of experts who are dedicated to maximising your income while providing you with a transparent and efficient service.