Are you dreaming of more direct bookings but still relying heavily on online travel agencies? It's time to harness the power of market data to take control of your short-term rental business. In this episode, we explore how to use this valuable information to your advantage and transition more bookings to your own platform.

Join me as I sit down with Mridul Bansal, Product Marketing Manager at PriceLabs, to uncover the secrets of using market data to your advantage. We'll dive deep into:

• What market data really means for short-term rentals
• Key components of market data you should be tracking
• How to analyze this data effectively
• Strategies to leverage market insights for more direct bookings

You can't just be charging more. You also have to make more from each booking. -Mridul Bansal

About Mridul Bansal

Mridul Bansal is a dedicated advocate for the vacation rental industry, currently serving as a Product Marketing Manager at PriceLabs. His focus is on empowering hosts and property owners by delivering tools and insights that help them succeed. Mridul leads weekly mastermind sessions, fostering a collaborative space where hosts can support one another and work towards achieving their goals. At PriceLabs, he plays a crucial role in ensuring customer feedback shapes product improvements, training, and ongoing support, ensuring the company continually evolves to meet the needs of its users.

Connect with Mridul and PriceLabs:

Website: https://hello.pricelabs.co

Instagram: https://www.instagram.com/pricelabs

LinkedIn: https://www.linkedin.com/company/pricelabs

Mridul’s LinkedIn: https://www.linkedin.com/in/bansal-mridul/

Don't miss out on a special offer exclusively for our listeners - a free webinar with a PriceLabs expert to dive even deeper into practical revenue management strategies. Sign up here: https://us02web.zoom.us/webinar/register/5617283976405/WN_vL8svoJCSwKjaLFqf7UPLQ#/registration

The key moments in this episode are:

• Understand the importance of dynamic pricing across all your booking platforms
• Learn how to use market data to optimize your pricing strategy
• Discover techniques to make your direct booking site more attractive than OTAs
• Get insights on adjusting your minimum stay requirements based on market trends

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Show notes are available at: https://directbookingsuccess.com/podcast/

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