TORONTO – Hostaway, the global vacation rental property management software, has announced the launch of its Dynamic Pricing tool. Designed to maximize revenue and minimize hassle for vacation rental managers, the new feature harnesses the power of billions of data points to set optimal nightly rates, offering a smarter way to price properties.Dynamic Pricing by Hostaway is an automated solution that updates rates daily, ensuring property managers are always competitive while also saving precious time. Built into the Hostaway Dashboard, the tool simplifies workflows by eliminating the need for multiple applications. It features customizable options such as minimum price settings, stay lengths, and adjustments based on upcoming occupancy.
“Our Dynamic Pricing tool is more than just a pricing engine. It’s a comprehensive approach to rate management that lets property managers focus on what really matters – growing their business,” said Marcus Rader, CEO and co-founder of Hostaway. “With this tool, we are excited to offer our customers a further way to maximize their revenue and streamline their operations, giving them more control and better results with less effort.”
The Dynamic Pricing feature is now available to existing Hostaway customers and as part of Hostaway’s Early Access Program.
Hostaway is a comprehensive vacation rental software that empowers ambitious property managers. The platform offers deep channel integrations with top industry players like Vrbo, Booking.com, and Airbnb, and a marketplace of over 150 software partners. Renowned for its award-winning customer support, Hostaway assists users in scaling their operations through advanced management of marketing, sales, accounting, reporting, payments, and communication.
The article Hostaway launches Dynamic Pricing tool for vacation rental managers first appeared in TravelDailyNews International.