How Did Dynamic Pricing Effect Bookings and Income

[Kenneth Garrett]

I've not been using any dynamic pricing tools for my STR. I used the enemy method to develop my pricing. For those of you who switched to a dynamic pricing software like pricelabs or beyond, did you see a significant change in bookings or was it something else you benefitted from?

[John Underwood]

Quote from @Kenneth Garrett:

I've not been using any dynamic pricing tools for my STR. I used the enemy method to develop my pricing. For those of you who switched to a dynamic pricing software like pricelabs or beyond, did you see a significant change in bookings or was it something else you benefitted from?

 I monitor my pricing manually. Vrbo has some great analytic tools so you can see demand picking up from inquiries and bookings. This is great if you happen to miss an event in your area that you were unaware of.

I have been doing this long enough to know most events, I know summer rates vs holiday weekends. I try and stay just above the competition because I have a house and location that is in heavy demand. 

I don't think a tool that is comparing houses that might not be my true competition would do any better than the pricing I can set.