Mike and E discuss the intricacies of interpreting data in the short-term rental industry with guest Anurag Verma, co-founder of PriceLabs. The conversation covers the potential dangers and benefits of data interpretation, recent updates to the PriceLabs platform, and current industry trends, including occupancy rates, ADR, and RevPAR. Listeners will gain valuable insights into effective revenue management strategies, the importance of customer feedback, and the impact of macroeconomic factors on the short-term rental market.
00:00 Introduction to Data Interpretation
00:26 Meet the Hosts and Their Unique Real Estate Approach
01:08 Special Guest Introduction: Anurag Verma from PriceLabs
02:42 Industry Trends and Market Analysis
06:27 Revenue Management Strategies
16:22 New Tools and Features from PriceLabs
26:20 Mastering Property Filters
28:42 Navigating Market Trends and Supply
30:31 Airline Industry Insights and Market Cycles
34:18 Adapting to Market Changes
40:15 Enhancing User Experience with Multi-Calendar
46:41 Customer-Centric Development
51:07 Final Thoughts and Recommendations
Anurag Verma's Bio
Anurag Verma is the co-founder of PriceLabs. Before PriceLabs, Anurag was with United Airlines for six years designing and improving revenue management algorithms and systems. In 2014 he brought his experience of revenue management automation prevalent in airlines and hotels into the vacation and short-term rental industry. With a background in mathematics and statistics, Anurag is also a PhD in Operations Research.
Connect with Anurag
https://www.linkedin.com/in/anuragxverma/
Connect with the Hosts
Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin
https://linktr.ee/mikesjogren
Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin
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