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Master Your Minimum Stay Strategy with PriceLabs
Manage episode 497139398 series 3509824
In this episode of Host Planet Bitesize, powered by Hostfully, we’re joined by Karishma Lunawat, Programme Operations Manager at PriceLabs, who breaks down five data-driven tactics short-term rental (STR) hosts can use to optimise their minimum stay strategies. Whether you're struggling to fill last-minute gaps or looking to avoid locking in bookings too far in advance, Karishma shares actionable insights that can help hosts protect revenue, boost occupancy, and maximise flexibility.
From dynamic adjustments based on seasonality to automation tips that remove guesswork, this conversation is packed with expert advice rooted in data and practical experience. If you’ve ever wondered how to make your minimum stay rules work smarter, not harder, this episode is for you.
Key takeaways:
1. Use data to guide decisions. Don’t guess your minimum stay rules – let your historical data, demand patterns, and booking windows lead the way.
2. Mind the gaps. Use shorter minimum stays to fill those awkward booking gaps in your calendar and drive additional occupancy.
3. Protect far-out dates. Avoid setting short minimums too early – longer stays should dominate far in advance, with shorter stays introduced closer to the check-in date.
1:55 Data, data, data
3:19 Fill the gaps!
5:54 Protect your far-out bookings
7:41 Reflect the season, not just the calendar
9:09 Automate everything with a tool like PriceLabs
10:43 Give PriceLabs a try: https://hello.pricelabs.co/?utm_source=hostplanet&utm_medium=referral&utm_campaign=hostplanet&utm_term=hp
Looking for a great PMS or digital guidebook? You need Hostfully!
Check out these special offers:
Property Management Software: Get $500 off onboarding by using the code PLANET500.
Digital Guidebooks: Get 30% off for life by using the code HOSTPLANETGB.
Click here to sign up for Hostfully: https://get.hostfully.com/46p7pafubra1
Keen to book a Hostfully demo? Click here to connect with Frank Bosi: https://cal.mixmax.com/frankbosi/demo?re=IiY1x2YuQXZuFGbwR3cvhGQzVWbhpmI&rn=ISelxmchZFIzVWbhpkI&messageId=UjWJnyJQ1a9zxhP2C
Email Frank: [email protected]
Host Planet: https://www.hostplanet.club/
James Varley: https://www.linkedin.com/in/jdsvarley/
Karishma Lunawat: https://www.linkedin.com/in/karishmalunawat-5a6a7b113/
Email: [email protected]
Episode to check next: Dynamic Pricing Tips For Airbnb Hosts From PriceLabs: https://www.youtube.com/watch?v=eg4aRn9pF64&t=462s
Host Planet Bitesize is presented by James Varley, a holiday let investor and property manager who is also the Founder of Host Planet. Before founding Host Planet, James spent 20 years in the media, including a decade leading corporate communications for the FIFA World Cup Qatar 2022.
Contact the show: [email protected]
#HostPlanet #HostPlanetPodcast #HostPlanetBitesize #ShortTermRentals #VacationRentals #HolidayLets #Airbnb #BookDirect #PropertyManagement #PropertyInvestment #BookingCom #Vrbo #JamesVarley #Hostfully #PMS #DigitalGuidebooks #SpecialOffer #PriceLabs #DynamicPricing #RevenueManagement
177 episodes
Manage episode 497139398 series 3509824
In this episode of Host Planet Bitesize, powered by Hostfully, we’re joined by Karishma Lunawat, Programme Operations Manager at PriceLabs, who breaks down five data-driven tactics short-term rental (STR) hosts can use to optimise their minimum stay strategies. Whether you're struggling to fill last-minute gaps or looking to avoid locking in bookings too far in advance, Karishma shares actionable insights that can help hosts protect revenue, boost occupancy, and maximise flexibility.
From dynamic adjustments based on seasonality to automation tips that remove guesswork, this conversation is packed with expert advice rooted in data and practical experience. If you’ve ever wondered how to make your minimum stay rules work smarter, not harder, this episode is for you.
Key takeaways:
1. Use data to guide decisions. Don’t guess your minimum stay rules – let your historical data, demand patterns, and booking windows lead the way.
2. Mind the gaps. Use shorter minimum stays to fill those awkward booking gaps in your calendar and drive additional occupancy.
3. Protect far-out dates. Avoid setting short minimums too early – longer stays should dominate far in advance, with shorter stays introduced closer to the check-in date.
1:55 Data, data, data
3:19 Fill the gaps!
5:54 Protect your far-out bookings
7:41 Reflect the season, not just the calendar
9:09 Automate everything with a tool like PriceLabs
10:43 Give PriceLabs a try: https://hello.pricelabs.co/?utm_source=hostplanet&utm_medium=referral&utm_campaign=hostplanet&utm_term=hp
Looking for a great PMS or digital guidebook? You need Hostfully!
Check out these special offers:
Property Management Software: Get $500 off onboarding by using the code PLANET500.
Digital Guidebooks: Get 30% off for life by using the code HOSTPLANETGB.
Click here to sign up for Hostfully: https://get.hostfully.com/46p7pafubra1
Keen to book a Hostfully demo? Click here to connect with Frank Bosi: https://cal.mixmax.com/frankbosi/demo?re=IiY1x2YuQXZuFGbwR3cvhGQzVWbhpmI&rn=ISelxmchZFIzVWbhpkI&messageId=UjWJnyJQ1a9zxhP2C
Email Frank: [email protected]
Host Planet: https://www.hostplanet.club/
James Varley: https://www.linkedin.com/in/jdsvarley/
Karishma Lunawat: https://www.linkedin.com/in/karishmalunawat-5a6a7b113/
Email: [email protected]
Episode to check next: Dynamic Pricing Tips For Airbnb Hosts From PriceLabs: https://www.youtube.com/watch?v=eg4aRn9pF64&t=462s
Host Planet Bitesize is presented by James Varley, a holiday let investor and property manager who is also the Founder of Host Planet. Before founding Host Planet, James spent 20 years in the media, including a decade leading corporate communications for the FIFA World Cup Qatar 2022.
Contact the show: [email protected]
#HostPlanet #HostPlanetPodcast #HostPlanetBitesize #ShortTermRentals #VacationRentals #HolidayLets #Airbnb #BookDirect #PropertyManagement #PropertyInvestment #BookingCom #Vrbo #JamesVarley #Hostfully #PMS #DigitalGuidebooks #SpecialOffer #PriceLabs #DynamicPricing #RevenueManagement
177 episodes
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