While this example shows how pace data can be used to identify date ranges that may need price decreases, the same data can be used to spot when demand is higher than usual and prices can likely be increased.
Any date ranges that are pacing quickly against historical booking pace can be increased to help regulate booking pace back to normal while driving ADRs at the same time.
Utilizing your own property’s pace data is a great way to proactively manage the revenue of your listings and maximize booking potential. Now that you know how to analyze your portfolio and listing over time, let's learn how to be an expert at comparing your performance to the market!
Step 3: Comp Sets and Comparing to Market
How Does Your Portfolio Compare?
While it’s important to spend most of your time focused on your b2b email list own listings, it's also vital to keep an eye on what and how the neighbors are doing. Let’s take a look at an example of a user who recently connected their account and what we can learn about them and their market.
A quick word before we rush to see how this property manager stacks up against their rivals (friendly or not)—for property managers with a large number of listings or with similar type listings such as condos in the same building, it can first be useful to compare between different groups of listings.
What Goes Down Can Also Go Up
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bdjakaria76
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