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REVENUE MANAGEMENT
How The Birch Ridge Inn Increased its ADR With PriceLabs’ Seasonal Pricing
Dave tailored booking rules within PriceLabs to match the unique demands of his drive-to destination. He set minimum stay requirements, avoided Saturday check-ins to optimize weekend bookings, and adjusted rates based on real-time market data. Discover how Dave used data-driven strategies and automation to balance occupancy and revenue effectively.
Optimize Seasonal Pricing: Implement a pricing strategy that adapts to high and low demand periods to maximize revenue.
Enhance Group Booking Management: Ensure competitive and flexible pricing for group reservations while maintaining profitability.
Maintain Boutique Experience: Modernize revenue management without compromising the inn’s unique charm and guest experience.
"This summer, we avoided underpricing and saw ADRs improve significantly. When inventory tightened, dynamic pricing helped us capture more value."
Dave McComb
Owner, The Birch Ridge in Killington, Vermont
"This summer, we avoided underpricing and saw ADRs improve significantly. When inventory tightened, dynamic pricing helped us capture more value."
Owner, The Birch Ridge in Killington, Vermont Dave McComb said, about their decision: "With PriceLabs, I can confidently price rooms based on market demand and spend less time worrying about missed opportunities."
Hotel-Specific Pricing Models & Competitor Data: Dave set PriceLabs to focus on hotel competitors, ensuring rates aligned with comparable properties. The Hotel Weights feature allowed him to power his rates based on nearby hotels and the Hotel Data Tab provided detailed insights into rates of specific competitors.
Property-level Occupancy-Based Adjustments: Dave grouped all 11 rooms in PriceLabs, enabling portfolio-based adjustments.
Flexible Length-of-Stay Rules: Using PriceLabs, Dave tailored length-of-stay requirements to align with guest behavior.
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