Kigo Blog

Avoid Stalled Rates with Revenue Management Software

Revenue Management Software
revenue-management-software

Over 30 years ago, American Airlines CEO Robert Crandall called it “the single most important technical development in transportation management since we entered deregulation.” In 2015, it was highlighted as the means by which hotels can achieve a 25 percent lift in incremental revenue. What is it? It is yield management, also known as revenue […]

Who Is Scared of Revenue Management Software?

Revenue Management Software
revenue management

Change is stressful—and yet the vacation rental industry is evolving under our feet. In this dynamic environment, those who keep up will succeed, while others will be left behind. Changes in the Vacation Rental Industry The biggest change driving the business is technology. Never before has something as simple as an Internet connection delivered such powerful tools to […]

6 Easy Steps with Revenue Management Software

Revenue Management Software
revenue management software

What does a vacation rental manager really need to keep prices competitive and revenue growing? Simply publishing seasonal rates can actually hurt your revenue. Successful vacation rental management professionals understand the importance of revenue management. Outperforming the competition takes finesse, and simply adjusting prices won’t give your business an advantage. For long-term success, you need […]

Revenue Management for Rentals: What is Dynamic Pricing?

Revenue Management Software
Kigo Revenue Management software saves time and money

The age-old question for vacation rental managers is, “How do I set my rates to achieve a competitive advantage in the vacation rental market?” Vacation Rental Pricing – The “Goldilocks and the Three Bears” Effect Pricing your vacation rental properties can be akin to the “Goldilocks and the Three Bears” scenario. Price your vacation rental […]

Fundamentals of Revenue Management Software for Vacation Rentals

Revenue Management Software
Revenue Management Software Relies on Analytics

Vacation rental property managers know that hotels, airlines, and successful property management companies use revenue management software to increase occupancy rates and billings, but don’t think they possess the knowledge or have the budget to implement it themselves. The book “The Theory and Practice of Revenue Management” states the true innovation of RM (revenue management) […]

Why Dynamic Pricing for Your Vacation Rental Rates

Revenue Management Software
Revenue Management Software Relies on Analytics

One of the most important factors of renting out your vacation home is setting an appropriate price. Pricing yourself too low could result in a fully booked reservation calendar but unfortunately you could lose out on income. Pricing yourself too high is also problematic, expect minimal bookings and don’t be surprised if you find yourself […]