How to choose a dynamic pricing tool

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In this episode of HCH Bitesize, we’re joined by John Deroulet from Wheelhouse, a leader in revenue management for the hospitality industry.
John shares his expert tips on how choose a dynamic pricing tool and discusses how to optimise revenue management for your vacation rental business. Whether you're new to revenue management or looking to refine your strategy, John provides valuable insights to help you stay ahead of market trends and make smarter pricing decisions.
Throughout the episode, John discusses the importance of doing your research, collaborating with others, and understanding the bigger picture of revenue management. He emphasises that it's not just about adjusting prices but about making revenue management a consistent practice. Tune in for practical advice that will help you maximise your rental income and get a deeper understanding of how to stay competitive in a dynamic market.
1:37 Tip number one: there’s more to revenue management than dynamic pricing
6:58 Tip number two: do your research and check with others
9:54 Tip number three: agree to disagree
14:37 Tip number four: understand market trends
16:52 Tip number five: make revenue management a practice
19:37 Wheelhouse
Are you looking to streamline your operations and amaze your guests? Look no further than Hostfully! Try their top-rated property management software and award-winning digital guidebooks today (your first guidebook is free!). Join the thousands of satisfied property managers who trust Hostfully to grow their business: https://get.hostfully.com/46p7pafubra1
Holiday Cottage Handbook: https://www.holidaycottagehandbook.com/
Hostfully: https://get.hostfully.com/46p7pafubra1
James Varley: https://www.linkedin.com/in/jdsvarley/
John Deroulet: https://www.linkedin.com/in/jderoulet/
Wheelhouse: https://www.usewheelhouse.com/
Active Revenue Management Fundamentals: https://www.usewheelhouse.com/research/education-active-rm-course-page#1-identify
Got a comment or interested in being a guest on the show? Get in touch: https://www.holidaycottagehandbook.com/contact
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